Ecostar Editor Mag – Page 10

Textiles Industry: Bigger space for MSMEs

Ecostar Editor MagNovember 17, 20203158 Views0

The government will support small-scale manufacturers, who are meeting export compliances, meeting delivery schedules and support them with finance, legislation, certification, quality control programs and R&D to make them leaders in their respective sphere. The time has come to focus on the Micro Small and Medium Enterprises (MSMEs), says Smriti Zubin Irani, Union Minister of Textiles and WCD. “The Textiles Ministry will get in touch with small scale manufactures, who are meeting export compliance, meeting delivery schedules and support them with finance, legislation, certification, quality-control programs and R&D to make them leaders in their respective sphere,” said Smriti Zubin Irani, Union Textile Minister, while speaking at a symposium on Emerging Opportunities for I...

Counter View

Structural Changes

Ecostar Editor MagNovember 17, 20201613 Views0

Sajikumar is Managing Editor of Ecostar Business and CMD of Akaarah MediatechTech Pvt Ltd. Many months-long lockdowns landed almost every business deeper into troubles. Therefore the sign of crisis going to ease is not seen anywhere near. Any round of bonanza may not bring quick relief. How can small businesses survive? The death rate of micro-enterprises in the days of the pandemic has been much higher than the number of Covid-19 victims’ death. Those who are on the brink of death deserve better care, not a set of wrong medicines. They need to be given a space for survival at every cost. I re-emphasize, small needs extra care and sympathetic attention, which, I am afraid, they don’t get nowadays. India is now passing through a terrific economic s...

Capsules

India`s energy efficiency focus: New strategies

Ecostar Editor MagNovember 17, 20202484 Views0

Oil marketing companies have invested over 32,000 crores to upgrade their refinery processes to produce BS-VI grade fuel. Given the abundance of biomass in India, the use of compressed bio-gas will be promoted in a big way in automotive, industrial and commercial uses. India's energy sector will be noticeably different from its current avatar, to be driven by new technology and business models, says Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel. “We are encouraging our oil and gas companies to develop extensive and qualitative engagement with Indian technology and research institutions of excellence,” he says. Seven Indian oil and gas PSUs joined with IIT Bombay last year to set up a Centre of Excellence in oil, gas and energy. According to him, the energy trans...

Capsules

Self-certification: Reforms in the boilers sector

Ecostar Editor MagNovember 17, 20202280 Views0

On 19th February in a meeting for stakeholder consultation under the chairmanship of Piyush Goyal, Commerce and Industry Minister was held in Udyog Bhawan, New Delhi in which leading boiler manufactures, users, foundries, forges, pipes and tubes makers, third party inspecting authorities, central boiler board members and State government representatives participated. Department for Promotion of Industry and Internal Trade(DPIIT) in association with State Governments has taken a number of reforms related to manufacturing, erection and use of boilers. As apart of the reform, self-certification of boilers has been implemented in many States. Under the reform rules and regulations are set in place for third party inspection. This has resulted in a simplified and more accessible, user-frien...

Investment

Shashikant`s Addon Investments : Planning at right time, a way to success

Ecostar Editor MagNovember 17, 20201994 Views0

Shashikant has taught hundreds of middle class families fine lessons of investments and brought them to the zone of safety and better returns. They have collectively invested 150 crore across various schemes run by reputed asset management companies. Shashikant Patole has more than 700 families in his list of financial planning advisory services. Most of them belong to the middle class with no prior knowledge of financial products and investments, beyond their familiarity with term deposits, real estate, etc. First, he enlightens people about available investment avenues where they can safely park their surplus. Then he opens for them a portfolio suitable for their future requirements and earnings, besides offering them personalized services. As a staunch investment advisor, he ...

ControversyFocus

Goodwin Jewellers

Ecostar Editor MagNovember 17, 20203546 Views0

Goodwin Jewellers Ponzy Good Winners VGN vows to keep its customers happy Don't get carried away by the senseless rumors against VGN of Mumbai suburb. The Jeweller still has loyal customer base. The subscribers continue to remit their monthly gold scheme installments, showing their trust in the brand. Heartless rumors triggered by uninformed and sadistic minds will only ruin the life of many people who depend on the institution. The promoter of VGN is a veteran in the industry with high level of integrity, who vows to deliver justice to each of his loyal customers at any cost. The high magnitude cheating of Goodwin Jewellers, which had showrooms in suburban Mumbai, Pune and Kerala, showed two things. Your hard - earned money is unsafe with unprofessional and big-talk m...

Capsules

5G Hackathon

Ecostar Editor MagNovember 17, 20201638 Views0

The 5G Hackathon is open to developers, students, start-ups, SMEs, academic institutions and registered companies in India and non-resident Indians (NRIs). Stakeholders can participate as individuals or as a team to present cases for the 5G network in the Indian context. In its endeavor to identify and promote applications relevant to India in the 5G realm, the Department of Telecommunications (DoT) has launched 5G Hackathon in association with a number of governments, academia and industry stakeholders. Aimed at shortlisting India focused cutting-edge ideas that can be converted into workable 5G products and solutions, the Hackathon will be spread across three phases, beginning from February 21, 2020 and culminate in a grand felicitation ceremony at India Mobile Congress. Winners of t...

Cover Feature

Telangana Industrial Health Clinic: Clinical solutions for small business sickness

Ecostar Editor MagNovember 17, 20201980 Views0

The fin-tech non-banking institution, TIHCL, already an expert in diagnostic study and curative solutions for small business sickness, supports troubled units' revival through combined strategies, which include handholding, mentoring, counseling and restructuring. The virtual “clinic” is widening its scope of solutions so that larger number of sick manufacturing micro and small enterprises can be brought to the phase of revival, says TIHCL management. No institution is meaningful or considered worthy until it tangibly proves what it boasts of. In an era when showmanship, spontaneous propaganda and hosting events and receiving awards determine credibility of institutions, which are supposed to be serving MSMEs, meaningful efforts for rescuing troubled business units are not visible. The...

Covid-19

India’s preparation for vaccine distribution : To work like poll exercise

Ecostar Editor MagNovember 17, 20202668 Views0

India has the experience of conducting elections in an admirably efficient manner. A similar mechanism will be put in place to deliver the vaccine. The government has started preparation for delivery and distribution of the vaccine. Three vaccines are in advanced stages of development in India, out of which two are in Phase II and one in Phase-III. Indian scientists and research teams are collaborating and strengthening the research capacities in Afghanistan, Bhutan, Bangladesh, Maldives, Mauritius, Nepal and Sri Lanka. There are further requests from Bangladesh, Myanmar, Qatar and Bhutan for clinical trials in their countries, says Prime Minister, Narendra Modi. “Our efforts should not limit to the neighborhood but must reach the entire world in providing vaccines, medicines and IT...

Capsules

India`s bright future road transport: Now keen to boost safety

Ecostar Editor MagNovember 17, 20201657 Views0

Nitin Gadkari, Union Minister for Road Transport and Highways and MSMEs is India's true infrastructure man. Always fully dedicated to the works which he was assigned, Gadkari sees everything ahead of time. Mumbai would have been a hell-hole for vehicles hadn't he been PWD minister during 1995-99. He is India's first express highway builder. Early this year Nitin Gadkari visited Swedish Automotive Safety Supplier, Autoliv in Stockholm. He presented a copy of the Report on Road Safety in India to the company representative and took note of the recent products and innovations of the company. Autoliv is the world's largest automotive safety equipment supplier, with sales to all major car manufacturers in the world. Road safety is a major concern in India, where safety is also linked to soc...