Welcome Guest

Businessex.Com
Home News Karnataka Govt partners Snapdeal to boost SMEs, in process to rope in Amazon too

Karnataka Govt partners Snapdeal to boost SMEs, in process to rope in Amazon too

Tags: siddaramaiah, snapdeal, amazon, karnataka government, sme, msme, e-commerce, e-retail, retail industry

August 26, 2014 | COMMENTS ( 0 )

Karnataka Govt partners Snapdeal to boost SMEs, in process to rope in Amazon too

Karnataka Government has partnered with online marketplace Snapdeal and is in the process of doing it with Amazon also to set up a platform for Small and Medium Enterprises in the state to sell their goods to the entire world, a top government official said.

 

Speaking at the tenth India Innovation Summit 2014, Srivatsa Krishna, Secretary in the Department of IT, BT and Science and Technology, Government of Karnataka, said: "In one step they can reach the whole world from wherever they are in Karnataka; and we have to take connectivity to every district, going down to every taluk."

 

"They can actually be part of the large global market, which I think will be a huge step forward," he told the Summit, organised by the Confederation of Indian Industry.

 

Later speaking to reporters, Krishna said "it will be a by marketplace for small and medium enterprises of Karnataka to connect to the global market, so we have reached out to Snapdeal and Amazon for it."

 

He said "It is a simple platform, a replica of a Snapdeal platform but with Government of Karnataka and Snapdeal together designing it...."

 

To a question on investment, he said "The platform is already there, Snapdeal and Amazon have their platform, just create another store on top of it."

 

Inaugurating the summit with the theme 'Innovation for Inclusive Growth', Karnataka Chief Minister Siddaramaiah said "It is not enough to just be an ideal investment destination. To ensure that the state is always ahead in the growth curve, specific policies and initiatives need to be taken up for the state to continue as an ideal investment destination."

 

He said in this regard, the state would shortly unveil its new industrial policy for the year 2014-19. 

 

"The updated policy will take into account the rapid changes occurring in the state's economy and will create a robust framework, within which industries will be able to grow and new industries will find it attractive to set up here," he added. 

 

The Chief Minister also said the State Government was in the process of formulating a new infrastructure policy that would provide infrastructure services for both existing companies and also companies willing to invest in Karnataka. 

 

S Gopalakrishnan, CII Immediate Past President & Chairman of the summit, said: "I strongly believe that we need to create a student entrepreneurship policy for the state. We need to create incubation labs in colleges where students can experiment, innovate and create the next generation products."

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....