India Small Business News Round-up – 2009/03/19

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

  • Small firms at risk of being left behind in China’s recovery: Fostering innovation, developing services and tapping rural economy are tasks for small, privately owned firms that China-watchers fear will suffer as Beijing uses big banks and industries to lift investment.
  • Indian, US businessmen join hands against protectionism: Captains of Indian and American industries have vowed to work together for the revival of the global economy while fighting growing calls for protectionism in either country.
  • IIM – Ahamedabad, Union Bank sign pact: Ahmedabad, March 18 (IANS) The Indian Institute of Management-Ahmedabad (IIM-A) and state-run Union Bank of India (UBI) Wednesday signed an agreement for fostering research on small and medium enterprises (SMEs).
  • B2B News, Business to Business Portal News, Online Marketplace: Posted by B2B India at 9:35 PM | Sunday, March 15, 2009. According to Jack Ma, CEO of the Chinese e-commerce giant Alibaba, to help and attract small companies in North America to export more goods to China, the company is now seeking >
  • IDG Ventures to invest in excess of 25 crore in Indian Start ups: Bangalore, Mar 16 (ANI/Business Wire India): In a bid to provide access to entrepreneurial, technology and financial resources in one place to accelerate the success of high-potential technology startups, IDG Ventures India and Microsoft India today announced an ‘Early Stage Funding Program’.
  • VC funds available for tech start-ups: VCs also do not want to under-finance companies and are ensuring that the current capital infusion takes them through at least 18-24 months, which is the expected time when the outside fundraising environment starts to recover, says Alok Mittal.
  • No Slump in rural India’s tech spending: March 16: Rajan Anandan, who recently joined Microsoft India as its managing director, visions a simple agenda at the company – continue to build on the software giant’s success in the country over the past several years. There is no big change in direction for Microsoft in India. However, the economic slowdown has meant a tweak in focus – the firm has identified and is concentrating on market segments that are still growing, Anandan says in this interview with DC.
  • We’ve got to get more investment from India: Last month, Industry Minister Tony Clement became the fourth Canadian federal minister to visit India this year. His main mission was, he told Rediff India Abroad’s Ajit Jain in an exclusive interview, to “encourage foreign direct investment by Indian entrepreneurs and companies into Canada” and also to woo Indian tourists to Canada.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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