70 Indian entrepreneurs set to benefit from Mitap agricultural grants
Malaysian Indian Transformation Unit (Mitra) special task force committee chairman P. Prabakaran (pic) said the programme, organised by Mitra in collaboration with Mardi Corporation Sdn Bhd, focuses on developing the capacity of Indian entrepreneurs in the modern agriculture and food processing sectors.
"Mitra received more than 250 applications for Mitap, and a total of 104 participants attended the Business Model Canvas (BMC) Seminar on Wednesday (July 30), which is a basic module in forming a sustainable business.
"Through the BMC, we will assess each individual based on their proposal paper and the potential of the project to be developed," he told reporters after officiating the seminar at the MardiCorp Academy here on Wednesday.
The two-day seminar aims to help participants enhance their competitiveness, strengthen entrepreneurial skills, and expand their business networks.
Prabakaran said Mitra and Mardi Corp would continue to strengthen the government's commitment to empowering the Indian community by providing a comprehensive agricultural ecosystem, including up-to-date technical training.
"Mitap is not only a symbol of support for the Indian community, but also a reflection of the government's determination to ensure the community is not left behind in the development of the modern agricultural sector," he said.
Meanwhile, Mardi Governing Board chairman Dr Azman Ismail said he was optimistic that the strategic partnership between Mitra and Mardi Corp would lead to the emergence of more successful Indian entrepreneurs.
"Mardi has a long history of working with many successful entrepreneurs, including Ramly Burger and Adabi.
"I am confident that several more entrepreneurs will emerge from here (Mitap). This batch seems more promising because the programme is now better organised and more systematic. In the past, participants had to figure things out on their own with little guidance," he said.- Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Trump says he will 'substantially' raise tariffs on India over Russian oil purchases
FILE PHOTO: U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque/File Photo WASHINGTON (Reuters) -U.S. President Donald Trump said on Monday he willsubstantially raise tariffs on India over its purchases of Russian oil. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social. "Because of this, I will be substantially raising the Tariff paid by India to the USA." He did not elaborate on what the tariff would be. Trump last week said he would impose a 25% tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details. Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite U.S. Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter. (Reporting by Doina Chiacu; Writing by Caitlin Webber; Editing by Doina Chiacu and Franklin Paul)
The Star
an hour ago
- The Star
Bosch's India unit posts higher quarterly profit on strong auto parts sales
FILE PHOTO: Bosch logo is seen on packets in this illustration taken June 19, 2025. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -Bosch reported a higher first-quarter profit on Monday, helped by strong sales of spare auto parts to passenger and off-highway vehicles as well as demand for its consumer electronic goods. The Indian unit of German automotive supplier Robert Bosch reported a pre-tax adjusted profit of 8.38 billion rupees ($95.7 million) in the April-June period, up from 6.11 billion rupees a year ago. The profit figure does not include a one-time gain of 5.56 billion rupees tied to the sale of its video solutions business. Quarterly revenue climbed 11%, led by the automotive business' 13.5% rise. For further earnings highlights, click here. KEY CONTEXT Bosch, India's top auto parts maker by market valuation, is the first among its peers to report results in a quarter where overall auto sales by manufacturers to dealers dropped 5%. Analysts at Motilal Oswal said the company likely benefited from higher after-market sales of auto parts. The automotive business, Bosch's biggest segment, contributes more than 80% of overall revenue. India is a key hub for Bosch, with a focus on cost-effective making of parts ranging from fuel injectors to spark plugs. The unit gets 90% of its revenue from local sales. PEER COMPARISON Estimates (next 12 Analysts' sentiment months) RIC PE EV/EBI Revenue Profit Mean # of Stock to Div TDA growth (%) growth rating* analyst price yield (%) s target** (%) Bosch Ltd 49.13 40.89 10.46 13.11 Hold 4 1.34 1.27 Samvardhana 21.02 8.86 7.89 20.35 Buy 21 0.84 0.58 Motherson International Ltd UNO Minda Ltd 46.41 25.17 18.21 26.70 Buy 16 0.92 0.22 Sona BLW Precision 35.71 19.75 23.01 17.43 Buy 16 0.81 0.71 Forgings Ltd * The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL-JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 87.5790 Indian rupees (Reporting by Nandan Mandayam in Bengaluru; Editing by Harikrishnan Nair and Sahal Muhammed)
New Straits Times
an hour ago
- New Straits Times
Trump says to raise tariff on India over Russia oil purchases
WASHINGTON: President Donald Trump threatened Monday to "substantially" hike US tariffs on goods from India over its purchases of Russian oil – a key source of revenue for Moscow's war on Ukraine. Trump's heightened pressure on India comes after he signaled fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, more than three years since Russia's invasion. Moscow is anticipating talks with the US leader's special envoy Steve Witkoff, who is expected to meet President Vladimir Putin this week. On Monday, Trump said in a post to his Truth Social platform that India was "buying massive amounts of Russian Oil" and selling it for "big profits." "They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump added. "Because of this, I will be substantially raising the Tariff paid by India to the USA." But he did not provide details on what tariff level he had in mind. For now, an existing 10 percent US tariff on Indian products is expected to rise to 25 percent come Thursday.
