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Business Economy


CG Foundation India, MATEE sign MoU to foster development of regional ecosystems

New Delhi, Jan 20 (UNI) CG foundation India and MATEE (Mapping and Action in Traditional and Ecological Ecosystems) have announced the signing of a Memorandum of Understanding to jointly identify pockets and clusters of cultural and natural heritage ecosystems fostering sustainable development of regional ecosystems through local creative and cultural industries and ecological practices.
Through the collaboration, CG foundation India and MATEE will aim at strengthening local ecosystems based on community capital such as traditional knowledge and economic systems, creative skills, green and local material, common spaces and sites.
A total of Rs 30 crore will be infused through the support of various Government agencies and Institutions towards reaching out to close to 10,000 Indian families of traditional and tribal communities in the marginal section across the country.
MATEE Founder Ankush Seth said, ''The premise of this intervention will be the existing natural and cultural context in the ecosystem. The linked materiality, its uses and possibilities of innovations therein will form the core of the exercise. It will aim to fuel generation of collective wealth and new livelihoods at the bottom of the pyramid by aggregating data, innovation, markets and programming at the door steps of actual keepers of our tangible and intangible Heritage.''
MATEE will set up centres that will facilitate vocational learning and resource dissemination, common facility centers, co-working and engagement, doubling as attractive local tourist destination and creative residencies.
CG Foundation India Chairman Binod Chaudhary on the occasion remarked, that ''CG Foundation is happy to associate with MATEE and is proud to be called World’s first Corporate Ecosystem that is harnessing South Asia’s soft power towards Sustainable Development Goals. The collaboration will help co-create an eco-system of craft and cultural clusters for poverty alleviation through culturally sensitive methods.''
MATEE, which is being incubated by Development Alternatives, is the world's first social enterprise dedicated to sustainable development, according to a statement here.
UNI RSA ADG 1934
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Panasonic Life Solutions to set up its new manufacturing facility in AP with Rs 600 cr investments

25 Jan 2021 | 8:40 PM

Hyderabad, Jan 25 (UNI) Panasonic Life Solutions India (PLSI), a wholly-owned subsidiary of Panasonic Corporation, on Monday announced the groundbreaking ceremony of its new manufacturing facility in Sri City (Chittoor district), Andhra Pradesh and will commence its operations of manufacturing the electrical appliances by April, 2022.

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MRPL’s Vermicomposting unit inaugurated by Sunil Kumar, Joint Secretary Refineries-MOPNG)

25 Jan 2021 | 7:33 PM

Mangaluru, Jan 25 (UNI) Sunil Kumar, Joint Secretary (Refineries), MOPNG on Monday inaugurated the first unit of the MRPL’s 90 ton per year capacity Vermicomposting project at Mangalore.

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Tata Motors launches Altroz i-Turbo with iRA

Tata Motors launches Altroz i-Turbo with iRA

25 Jan 2021 | 7:26 PM

Kolkata, Jan 25 (UNI) Tata Motors, India’s leading automotive brand, today announced
the launch of the i-Turbo variant along with iRA-connected car technology for its premium
hatchback, Altroz. iRA comes with 27 connected car features along with natural voice
tech, through which the car understands commands not only in English or Hindi, but
also in Hinglish.

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Provide level playing field to Agri-NBFCs in Budget 2021-22: NAFA

25 Jan 2021 | 7:01 PM

Kolkata, Jan 25 (UNI) Agriculture and allied activities employ more than 50 percent of
the workforce and yet remain largely unorganized and fragmented.

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SOSV leads pre-Series A funding round in live video commerce platform KIKO TV

25 Jan 2021 | 6:34 PM

MUMBAI, India, Jan 25, 2021 /PRNewswire/ - KIKO TV, a company that has built a solution for live streaming video commerce for the Indian market, has raised an undisclosed amount in its pre-Series A funding round led by the US venture capital fund SOSV and will be shortly graduating from their Mobile Only Accelerator (MOX) program.

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