India has imposed a ban on the use of single-use plastics from July 1st on items ranging from straws to disposable cutlery to reduce the problems caused by plastic waste. For the first stage, the government has identified 19 plastic items such as earbuds, plastic sticks for balloons, straws, cigarette…
Prime Minister Narendra Modi on June 30 launched new schemes to strengthen manufacturing industries. At Vigyan Bhawan in New Delhi, PM Modi launched the Capacity Building of First-Time MSME Exporters (CBFTE) scheme, the Raising and Accelerating MSME Performance (RAMP) scheme, and announced new features of the Prime Minister’s Employment Generation…
PM Kisan Sampada Yojana aims at boosting the food processing sector in India by creating modern infrastructure with efficient supply chain management from farm gate to retail outlet. PMKSY scheme’s primary objective is to double the farmer’s income by encouraging the processing of agricultural produce. It also helps in creating…
India’s large domestic market and favorable government policies have created an ideal environment to launch startups. Currently, India has more than 62,000 startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and 101 startups have achieved unicorn status. Startups in India have grown remarkably over the…
India is recognized as the pharmacy of the world and ranks 3rd in terms of pharmaceutical production by volume and 14th by value. India is the largest provider of generic drugs globally accounting for 20% of the worldwide supply. The pharmaceutical market in India was valued at USD 42 billion…
The Indian frozen food market valued at USD 1205 million in 2021 is expected to reach USD 1839 million by 2027. The frozen foods segment mainly comprises Ready To Eat foods, frozen fruits and vegetables, snacks, and non-vegetarian food products. Due to an increase in the working population, about 39%…
The solar industry is the fastest growing renewable energy sector in India and has grown by almost 50% in the past decade alone. Solar energy is a renewable energy source and won’t run out like fossil fuels. It is not only eco-friendly but also cost-effective undoubtedly. Hence government has announced…
Improved standard of living and a sharp rise in health awareness has triggered the demand for consumption of fresh fruit juice. It’s the most popular item in the beverage industry, and the abundant amount of nutrients available beats the demand for other packed beverages. For these very reasons, setting up…
The food processing industry in India is one of the fastest-growing sectors which is projected to reach INR 53,400 Bn by 2024, growing at a CAGR of 12.07% during the FY 2020-FY 2024 period. As food manufacturing units play an important role in linking Indian farmers to consumers, the Ministry…
The world of entrepreneurship isn’t something new to India, given the array of top names making it to the global arena, transforming the country’s economic status in the process. However, the recent exposure of the business domain making it more accessible for aspiring women commendable. While a few names of…