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The Confederation of West Bengal Commerce Affiliation (CWBTA) hosted a funding pitch occasion on Thursday for 97 startups providing options to numerous sectors earlier than 100-odd traders on the Bengal International Commerce Expo.
The occasion was organised in affiliation with data companion PricewaterhouseCoopers (PwC) and Freeflow, a startup incubator and accelerator firm.
“With the intention to promote self-reliance in India, a novel exercise of Pitch Battle amongst practically 100 startups began right this moment. Within the exercise, the startups will pitch their concepts and show the merchandise to safe funding and partnerships,” CWBTA president Sushil Poddar informed PTI.
“Within the three-day occasion starting right this moment, it should convey collectively over 100 plus funding organisations, angel traders, and fund homes, offering a platform for choose startups and 20 conventional companies,” he mentioned.
These startups are looking for investments within the vary between USD 30,000 and USD 5 million.
The flagship commerce physique of West Bengal acknowledged that they’re working towards empowering small companies via digitisation.
“India SME Discussion board (ISF) — a non-profit, non-governmental affiliation is internet hosting a first-of-its-kind largest digitisation drive for potential 90 lakh retailers and sellers and MSME models in West Bengal. They’ve entered an MoU with CWBTA on this regard,” Poddar mentioned.
This initiative, in collaboration with Discussion board for Web Retailers, Sellers, and Merchants (FIRST), is geared toward creating consciousness and supporting small companies from throughout India on the alternatives that may assist them go digital and turn out to be self-reliant, he mentioned.
“We wish to have a wholesome illustration of our MSMEs from West Bengal in FIRST, which may also help clear up challenges being confronted by them within the area. We consider fixing the challenges of MSMEs within the state will assist them leverage the state’s USD 7 billion e-commerce alternative,” mentioned India SME Discussion board President Vinod Kumar.
In the meantime, talking on the inauguration of Bengal International Commerce Expo 2023 on Wednesday, state City Growth Minister and Mayor of Kolkata Firhad Hakim mentioned, “The MSMEs within the state have created 1.36 crore jobs and the state provides land at 200 industrial parks for brand spanking new initiatives. The state is rising as a serious logistics hub.”
Additionally, read- Funds 2023: What’s Finance Invoice and the way is it totally different from Cash Invoice?
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