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Telangana secures top performer position at DPIIT state start-up ranking

OutlookIndia

OutlookIndia · 1y ago

Telangana secures top performer position at DPIIT state start-up ranking

Telangana has emerged as the top performer in the DPIIT State Start-up Rankings 2022 and National Start-up Awards 2023. The state was honored at a felicitation ceremony in the presence of Piyush Goyal, the Union Minister of Commerce and Industry. Telangana was recognized for its holistic institutional support, inclusive policies, and funding initiatives for entrepreneurs. The state has registered over 1,800 start-ups, with special incentives for women-led ventures, and has provided incubation support and market access opportunities to several start-ups.

Related News

National Startup Day: India home to 118k recognised start-ups; Gujarat, Karnataka, Kerala, Tamil Nadu top list

Business Today

Business Today · 1y ago

National Startup Day: India home to 118k recognised start-ups; Gujarat, Karnataka, Kerala, Tamil Nadu top list

On National Startup Day, the Department for Promotion of Industry and Internal Trade (DPIIT) announced rankings for states and union territories based on their startup initiatives. Gujarat, Karnataka, Kerala, and Tamil Nadu secured the top spots in the best performer category for states with a population of over 10 million. Himachal Pradesh claimed the top spot in the best performer category for states with a population less than 10 million. India is home to 118,370 recognized startups, and the country saw the emergence of 950+ new tech startups in 2023, solidifying its position as the world's third-largest startup ecosystem.

Gujarat, Kerala, Karnataka best states in providing strong ecosystem for startups: DPIIT ranking

Economic Times

Economic Times · 1y ago

Gujarat, Kerala, Karnataka best states in providing strong ecosystem for startups: DPIIT ranking

Gujarat, Kerala, and Karnataka have been ranked as the top performers in creating a strong startup ecosystem, according to the ranking of states and Union territories by the Department for Promotion of Industry and Internal Trade (DPIIT). Maharashtra, Odisha, Punjab, Rajasthan, Telangana, Arunachal Pradesh, and Meghalaya were also recognized as top performers. The rankings evaluate states based on their efforts to support startup growth, considering factors such as institutional support, innovation, market access, incubation, and funding support. Gujarat has consistently topped the list for the fourth year in a row.

Here’s how government-led initiatives are propelling startup growth in Rajasthan

YourStory

YourStory · 10m ago

Here’s how government-led initiatives are propelling startup growth in Rajasthan

- iStart Rajasthan has entered the AVGC industry with the latest government budget allocation. - The state government is establishing Atal Innovation Studios and Accelerators hubs in key cities with a budget of Rs 1,000 crore. - iStart Rajasthan aims to train and empower 50,000 youth in AVGC and cutting-edge technologies. - Rajasthan was recognized as a 'Top Performer' in the DPIIT's States' Startup Ranking Framework for 2022. - The iStart program in Rajasthan has supported nearly 5,000 startups and offers funding, mentoring, and incubation support. - Startups in Rajasthan are entitled to work orders up to Rs 75 lakh per year without needing to go through a formal proposal process.

Telangana goes all out to get MNCs to open tech base in state

Economic Times

Economic Times · 11m ago

Telangana goes all out to get MNCs to open tech base in state

Telangana is actively wooing tech giants like Amazon Web Services (AWS) and other major brands in various sectors to set up or expand operations in the state. Discussions are underway with AWS to invest an additional $2 billion in data center capabilities in Telangana. Additionally, hospitality giant Marriott Group is establishing its first global capability center in Hyderabad. Telangana aims to attract diverse multinationals to establish their tech hubs in the state. Telangana is also engaging with aerospace and defense companies to establish centralized captive units. The state faces competition from other regions for investments.

German defence startup Helsing raises $693 million in latest investment round

Economic Times

Economic Times · 2m ago

German defence startup Helsing raises $693 million in latest investment round

German defence start-up Helsing raised 600 million euros in its latest investment round, led by Spotify founder Daniel Ek. This funding values Helsing at 12 billion euros, ranking it among Europe’s top five private tech companies. The round was spearheaded by Prima Materia, Ek’s investment company, doubling its initial stake. Other contributors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB. Helsing specializes in AI software for military applications amid increasing geopolitics-driven defence spending.

CtrlS signs pact with Telangana govt for setting up Rs 10,000 crore AI data centre cluster

Economic Times

Economic Times · 7m ago

CtrlS signs pact with Telangana govt for setting up Rs 10,000 crore AI data centre cluster

CtrlS Data Centres Limited has signed a Memorandum of Understanding with the Telangana government to establish a state-of-the-art AI data centre cluster, investing Rs 10,000 crore. Finalized at the World Economic Forum in Davos, the project will feature a 400 MW capacity. It promises to generate 3,600 jobs and boost the state’s economy through increased tax revenues. This initiative aims to position Telangana as a global leader in digital infrastructure and technology, enhancing IT capabilities and fostering inclusive growth.

AWS Looking To Inject Additional $2 Bn Into Telangana To Fuel Its Data Operations

Inc42 · 11m ago

AWS Looking To Inject Additional $2 Bn Into Telangana To Fuel Its Data Operations

Amazon Web Services (AWS) is in talks to invest $2 billion in Telangana to expand its data center capabilities. Telangana is focused on attracting multinational corporations and big brands in sectors like hospitality, defense, and aerospace to establish or expand their operations in the state. Marriott Group is also setting up its first global capability center in Hyderabad, Telangana.

Reliance dominates Wizikey media visibility rankings for 2024 among all listed cos

Livemint

Livemint · 8m ago

Reliance dominates Wizikey media visibility rankings for 2024 among all listed cos

Reliance Industries, India's largest corporate, has been ranked as the most visible corporate in the Indian media, according to the Wizikey News Score ranking. The company's visibility in the media is higher than that of leading FMCG or banking and finance companies in the country. Reliance has consistently shown growth year after year and has secured the top position in the Wizikey News Score ranking for the past five years. The ranking is determined based on factors such as news volume, headline presence, publication reach, and readership. Reliance scored 97.43 out of 100 in the 2024 ranking.

Angel tax: 8,204 start-ups have received exemption till date, shows govt data

Business Today

Business Today · 1y ago

Angel tax: 8,204 start-ups have received exemption till date, shows govt data

According to government data, only 8,204 out of 1,14,902 registered start-ups have been granted exemption from angel tax since their inception. The data was provided in response to a Right to Information query by Business Today. Under the Startup India Action Plan, start-ups that meet specific criteria can apply for recognition by the Department for Promotion of Industry and Internal Trade (DPIIT). Post recognition, start-ups are eligible to apply for angel tax exemption if their paid-up share capital and premium does not exceed Rs 25 crore. The Central Board of Direct Taxes (CBDT) has clarified that DPIIT-recognized start-ups are exempt from angel tax provisions.

DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation

OutlookIndia

OutlookIndia · 7m ago

DPIIT Partners with Bhaane Group for Manufacturing Start-Ups' Incubation

The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Bhaane Group to foster manufacturing start-ups through incubation programs. This collaboration aims to strengthen ties within the international start-up ecosystem, providing start-ups with market insights and a holistic understanding of foreign markets. The initiative reflects DPIIT's ongoing efforts to bolster India’s manufacturing sector, building upon previous strategic partnerships with corporates like ITC Limited and Walmart to support start-up growth and innovation.

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