The Department of Science and Technology (DST) has recommended a grant of Rs 5 crore for the Sona Incubation Foundation (SIF) project, with a 20 per cent contribution by the Sona College of Technology, the SIF said on Sunday.
The Union minister was delivering the keynote address at the ‘2nd Edition of Toy CEO Meet’ organised by the Toy Association of India in association with the Department for Promotion of Industry and Internal Trade (DPIIT) and Invest India.
The first project from the Ministry of Railways pertains to the construction of the 4th broad gauge railway line spanning 160 km from Manmad to Jalgaon in Maharashtra's Nashik and Jalgaon districts.
The event symbolized the celebration and collaboration of two of DPIIT’s flagship initiatives – the Startup India initiative and Open Network for Digital Commerce (ONDC).
At the event, over 100 participants comprising screening committee members, LEAPS winners, NPG members, Industry Associations, Knowledge partners, participants of National Logistics Excellence Award and jury members were present.
The tangible impact of ODOP Sampark becomes apparent through live interactions with sellers in workshops, where identified gaps in market linkages have spurred proactive initiatives by DPIIT, the ministry said.
These QCOs have the right ingredients for strengthening the quality standards of ‘Made in India’ products, without compromising on the range of goods being made available to the Indian consumer.
"The partnership between India and Japan very strongly indicates the foundation of professional, political, economic, and common strategic interest, has made the foundation stronger," he said.
The key sectors covered under the scheme include telecommunication, food processing, medical devices, automobile and their components, textiles and solar PV modules.
Computer software and hardware segment got 12 per cent FDI inflow while the telecom sector received 7 per cent.
