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Xiaomi Plans to Launch its MI Credit Platform in India

According to the company, Mi Credit, at the time of launch, was available in partnership with KreditBee

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Xiaomi
According to Xiaomi, a loan can be initiated in under 10 minutes with a simple KYC verification on the platform. Wikimedia Commons

Chinese handset maker Xiaomi will launch its Mi Credit platform for personal loans in India on December 3.

It is likely that the company will now unveil a revamped version of Mi Credit in the country.

The smartphone player sent out invites for the upcoming launch on Thursday. Initially launched in May 2018, Mi Credit is the company’s service that acts as a platform for users to initiate instant financial lending in India.

According to the company, Mi Credit, at the time of launch, was available in partnership with KreditBee which is an instant personal loan platform for “young professionals”.

Xiaomi
Chinese handset maker Xiaomi will launch its Mi Credit platform for personal loans in India on December 3. Wikimedia Commons

KreditBee is a Bengaluru-based start up.

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According to Xiaomi, a loan can be initiated in under 10 minutes with a simple KYC verification on the platform. (IANS)

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The Challenges, Growth and Prospects of Olive Oil Industry in India

Discussing the growth, prospects of olive oil in India

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Olive oil
For the first time in the country, experts in India will hold a panel discussion about the olive oil industry. Pixabay

BY PUJA GUPTA

For the first time in the country, experts in India will hold a panel discussion on the challenges, growth and prospects of the olive oil industry on the 13th of December at PHD Chamber of Commerce & Industry.

Rahul Upadhyay, President and Akshay Modi, Vice-President at The Indian Olive Association (IOA) will be hosting the Annual Public at the Lakshmipat Singhania Auditorium. The session will discuss the transition of olive oil from being a foreign oil to a homegrown oil with which the citizens of India can now reckon with.

The panel moderated by senior food and travel writer Rupali Dean will spearhead the session on Olive Oil In India-2.0. The panel of speakers will include noted restaurateurs, chefs, nutritionists, food researchers and biologists, entrepreneurs, retailers, food, health and fitness experts.

Olive oil india
The Indian Olive Association focuses on the problems confronting the emerging sector of olive oil and table olives in India. Pixabay

Upadhyay said, “The Indian Olive Association focuses on the problems confronting the emerging sector of olive oil and table olives in India. With Annual Public Session, we attempt to bring together the doyens from the food and health industry to discuss the problems and offer solutions that will accelerate the growth of olive oil in India.”

Akshay Modi, Vice-President at The Indian Olive Association (IOA). “The Annual Public Session is a platform that brings together all the diverse stakeholders to speak a unified voice for the greater good of the category of olive oil in India.”

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The Indian Olive Association (IOA), the national apex association of olive oil producers, growers, distributors, importers, users and consumers in India works to promote consumption and expand the market for olive oil and table olives. The association focuses on the problems confronting this emerging sector in India. Macro-economic factors like GST, Import Duty and issues with respect to the import of both table olives and olive oil are taken up by IOA with multiple authorities to streamline the import process and ensure a steady growth for this category. (IANS)