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UP to Set Up 15 MSME Industrial Zones in 11 Districts
The Uttar Pradesh government has unveiled plans to develop 15 dedicated industrial zones for Micro, Small and Medium Enterprises (MSMEs) across 11 districts. The initiative aligns with the state鈥檚 broader vision of achieving a one trillion-dollar economy.As per the draft blueprint prepared by the state MSME department, the proposed industrial estates will cover 764.31 acres and feature 872 industrial plots for investors and entrepreneurs.To support the project, the state has launched a comprehensive campaign to build a robust land bank, with land acquisition and allotment already in progress..
Flexiloans Raises Rs 3.75 Bn in Series C to Expand MSME Lending
Digital lending platform Flexiloans has secured Rs 3.75 billion in its Series C funding round, aimed at scaling operations and strengthening access to credit for micro, small, and medium enterprises (MSMEs) across India.The round saw participation from existing investors Fundamentum, Accion Digital Transformation, Nuveen, and Maj Invest, alongside new investor British International Investment (BII), the UK鈥檚 development finance institution. This follows a Rs 2.90 billion raise in September 2024, taking the company鈥檚 total fundraising to Rs 6.65 billion within six months.Founded in 2016 by ..
UPS Expands India-Europe Freight Operations with Extra Flight
UPS has expanded its freight network between India and Europe by adding an additional weekly freighter flight between Delhi and Cologne. The move comes amid rising demand for fast and time-sensitive shipments to Europe and the United States.The new flight, operated using a Boeing 747-8 freighter, will double UPS鈥檚 airfreight capacity on the Delhi鈥揅ologne route. From Cologne, cargo is connected to destinations across Europe and the US, one of India鈥檚 key trading partners.UPS noted that the expansion supports growing demand from sectors such as automotive, industrial manufacturing, retail,..
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