Tuesday July 23, 2019
Home India India Extends...

India Extends Hand towards Indian Diaspora Entrepreneurs and Professionals

0
//
Indian diaspora

New Delhi: The Government of India, today decided to facilitate and attract young Indian Diaspora business professionals, towards its market by launching a year- long fellowship of ‘OIFC-ISB India Fellows Programme’.

It is a result of the public-private partnership between Government of India and the Confederation of Indian Industry (CII).  Overseas Indian Facilitation Centre (OIFC) combined with Indian School of Business (ISB) to initiate the plan.

A leading B-School, ISB, is the place where the young fellows will be taught various aspects of decision-making capacity, the structure of the Indian markets, etc. The fellowship will be offered under the OIFC’s India Connect Initiatives.

To give a detailed account of the program:

One can start with the point that it will be taught by globally renowned faculty from ISB with years of industry experience and also by government practitioners. The fellows will be learning about the subtle dynamics of the legal and regulatory environment, engagement and networking opportunities with Indian business tycoons.

The residential term in India will extend up to 12 days, which will include exposure to the Indian market, its investment policies, domain experts and potential networking with business partners.

The program will be available to anyone belonging to the Indian Diaspora between the ages of 21 to 39 years, with minimum 3 years of experience in the business sectors.

Scheduled to start from June of this year, the fee will amount to the introductory US $ 5,000 along with service tax. Fee includes the provisions of boarding and lodging, program related study materials, field visits and webinars. Although the candidates will have to bear the expense of travel and local conveyance.

After completing their program, the participants will become members of the OIFC India Entrepreneurship Fellows (OIEF) Club, which will also provide the alumni with necessary funds for their foray in the Indian market.

The fellows will be spending their term by residing at ISB’s campuses in Hyderabad, Mohali and at Delhi. (Input from agencies)

Next Story

Flipkart Revamps its Seller Onboarding Process to Help MSMEs: Report

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes

0

Flipkart on Monday announced it has revamped its seller onboarding process to ease the first-time e-commerce experience for medium and small businesses (MSMEs).

The e-tailer has also stationed 13 regional teams across the country to help onboard sellers in person, by meeting with them at their premises.

These changes to the onboarding process will make it easier for small sellers, who may not have prior digital expertise, to list their products on the platform and access Flipkart’s pan-India base of over 150 million customers.

“By revamping our onboarding process and simplifying the number of steps, we are making it easier for any seller, no matter the size, to list on our platform and get started from day one,” said Nishant Gupta, Head of Flipkart’s Marketplace business.

Flipkart Buys Back Shares Worth $350 mn.
New e-commerce norms to impact e-tailers: Flipkart. 

Currently, e-commerce accounts for less than three per cent of India’s overall retail industry. Government estimates suggest there are roughly 60 million MSMEs in India, many of whom are restricted to their local markets due to difficulties in accessing resources.

Flipkart has also added regional teams in various Tier II and beyond cities to help sellers sign onto the platform.

Also Read: Redmi Teases First 64MP Smartphone with Camera Sample

These regional teams, based in cities such as Lucknow, Coimbatore and Jaipur, cater to sellers in over 4,30 pin codes.

“As a home-grown company, we know that the future of e-commerce lies in bringing more MSMEs and smaller businesses online which, in turn, will generate employment and investment, and will meaningfully contribute toward the country’s socio-economic development,” added Gupta. (IANS)