Latest news with #Saraf
Hindustan Times
a day ago
- Hindustan Times
Five arrested in ₹1.11 crore share market fraud
The cyber cell of the Pimpri-Chinchwad police busted a share market fraud, arresting five persons for collecting mule bank accounts, depositing fraud money into these accounts, withdrawing fraud money, and investing the same in cryptocurrency. In this manner, they lured him into invest around ₹ 1.11 crore in the share market. Eventually, the victim realised he had been duped. (REPRESENTATIVE PIC) The accused have been identified as Sharad Dilip Saraf, 48; Suraj Tatyaram Saykar, 28; Sanket Sandeep Nahwale, 24; Nagesh Narsinhrao Ganage, 28 (all from Hadapsar); and Yogiraj Kisan Jadhav, 29 (from Phaltan in Satara district). Saraf and Saykar used to run a software development firm but fell into crime due to poor response. Posing as representatives of one Ali Express trading platform, the accused duped an information technology (IT) professional by promising him 15% returns on investment in the share market. Initially, the accused gave the victim good returns and gained his confidence, forcing him to invest more and more. In this manner, they lured him into invest around ₹ 1.11 crore in the share market. Eventually, the victim realised he had been duped. Shivaji Pawar, deputy commissioner of police (crime), said, 'During the investigation, it was found that ₹ 2 lakh in fraud money was withdrawn in Nagpur. Accordingly, our team/s rushed to Nagpur and arrested Saraf who later confessed to his involvement in the crime along with the others.' Elaborating on the modus operandi of the accused, Pawar said, 'The fraud money was transferred into various mule accounts through which USDT (United States Dollar Tether/stablecoin cryptocurrency) was purchased and transferred outside the country.' Pravin Swami, assistant police inspector, said, 'Accused Nahwale collected mule bank accounts with the help of Saraf, Saykar and Jadhav that were then used to receive fraud money. Later, Nahwale would withdraw the fraud money with the help of account holders and use the same to purchase USDT crypto coins with the help of accused Ganage.'
Mint
3 days ago
- Business
- Mint
MSMEs survey: 61% say govt skill and talent programs ‘ineffective', 88% agree govt spend pushes capex plan, finds report
A majority of the Micro, Small and Medium Enterprises (MSMEs) surveyed in a Cushman & Wakefield report on the sector, felt that skilling and talent programmes run by the government are ineffective for them, ANI reported. As many as 71 per cent of manufacturing MSMEs, felt that government-run skill-training programmes haven't helped them. Overall, 61 per cent of MSMEs said the initiatives had not reached them, and 39 per cent affirmed that they had received benefits, the report added. All companies surveyed had less than 500 employees. The report titled, 'Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance', found that 'government skill and talent initiatives aren't reaching the sector effectively. The gap is widest among small firms.' Further, it found that even though MSMEs employed four of every five manufacturing workers, and produced 40 per cent of the sector's output; these workers generated only 14 per cent as much as each worker in a large plant. Similar manufacturers in emerging economies have reached almost 30 per cent; in advanced economies the gap is even smaller, the report observed. Apart from various skilling schemes, the government has earmarked ₹ 2,500 crore for 12 sector-specific plug-and-play parks to speed plan setup, slash capex, help SMEs and attract Foreign Direct Investments (FDI). Here, a chunk of 88 per cent respondents agreed that government spend on infrastructure has influenced their capex plans. Further, 93 per cent of respondents report better operating efficiency and profitability where modern parks and corridors are in place. Another notable 88 per cent of respondents plan to expand operations, driven by infrastructure projects such as Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. Additionally, 95 per cent reported improved access to logistics. And 94 per cent of large enterprises credited infrastructure upgrades as central to their growth strategies. 'India must address deep-rooted cost and capacity gaps — especially in logistics, integrated facilities, and MSME productivity,' according to Gautam Saraf, Executive MD, Mumbai & New Business, Cushman & Wakefield. The report noted that challenges persist for the MSME sector. High logistics costs, low warehousing capacity (0.2 sq. ft. per urban resident vs. 47.3 in the US), minimal domestic value addition (17 per cent vs. China's 25 per cent), and skill gaps, especially in MSMEs, threaten long-term competitiveness. 'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers; they are essential levers for converting policy momentum into production-ready outcomes,' Saraf added.
Time of India
5 days ago
- Business
- Time of India
Infra push for MSMEs: Plug-and-play industrial parks key to boosting manufacturing, says Cushman & Wakefield report
Accelerating the rollout of plug-and-play industrial parks, improving logistics infrastructure, and targeted skilling are essential for boosting India's manufacturing output and self-reliance, according to real estate consultancy Cushman & Wakefield. In its latest report, Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance, based on responses from 94 senior decision-makers across India's manufacturing and logistics sectors, the consultancy outlines how industry and policy alignment is unlocking capacity, especially for MSMEs. 'India's manufacturing sector is undergoing a structural shift. Our findings indicate a strong alignment between infrastructure investment, policy clarity, and industry intent,' said Gautam Saraf, Executive Managing Director, Mumbai & New Business at Cushman & Wakefield, PTI quoted. Saraf said 88% of manufacturers surveyed are scaling up due to improved infrastructure, and 95% cite better logistics access thanks to government-backed initiatives. However, sustaining this momentum will require 'addressing deep-rooted cost and capacity gaps, especially in logistics, integrated facilities, and MSME productivity.' The report flags four core challenges: high logistics cost, warehousing capacity shortfall, low value addition, and skill gaps. It recommends a five-pronged strategy—accelerating plug-and-play industrial parks, redefining MSME thresholds to foster scale, fast-tracking multimodal logistics parks, boosting skill development, and digitising MSME export support. 'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers, they are essential levers for converting policy momentum into production-ready outcomes,' Saraf said. Abhishek Bhutani, Managing Director, Logistics & Industrial Services India and Head – Gujarat, Cushman & Wakefield said, 'Pre-approved, infrastructure-ready zones are helping reduce time-to-market, lower upfront capex, and mitigate operational risks—especially for MSMEs looking to scale.' He added that success for companies expanding into new regions will depend on access to integrated ecosystems combining logistics, skilled labour, and multimodal connectivity, PTI reported. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
Plug-and-Play Industrial Parks: Government infrastructure initiatives boost optimism in India's warehousing sector, ET Infra
Advt Advt By , ET Bureau Slow pace of land aggregation, delayed government approvals, patchy utilities, and poor connectivity to highways and railheads are key factors impeding further expansion of India's warehousing sector, according to a report. The country currently offers just 0.2 sq ft of quality warehousing per urban resident, far behind China's 8.6 and the US's 47.3. This is despite 97 per cent of manufacturing companies surveyed in India by property consultancy Cushman & Wakefield acknowledging improved access to Grade-A warehousing Plug-and-play (P&P) infrastructure has emerged as a key solution. "According to our survey, 88 per cent of manufacturers are scaling up due to infrastructure-led confidence, and over 95 per cent report improved logistics access through government-backed programmes," said Gautam Saraf, executive managing director, Mumbai and new business at Cushman & Wakefield. "To sustain this momentum, India must address deep-rooted cost and capacity gaps, especially in logistics, integrated facilities, and MSME productivity ." Plug-and-play industrial parks , multimodal logistics networks, and improved land aggregation frameworks are not just enablers-they are essential levers for converting policy momentum into production-ready outcomes," Saraf added. The survey was conducted with 94 senior decision-makers across India's manufacturing and logistics sectors, including chief executives, plant heads, and supply chain leaders, capturing a mix of perspectives from large enterprises and MSMEs. These respondents represent a diverse group, with 56 per cent of companies surveyed employing over 500 study revealed high optimism regarding the impact of government-led infrastructure initiatives such as Bharatmala, Sagarmala, dedicated freight corridors, and the National Industrial Corridor Development. As many as 86 per cent of respondents said these initiatives have positively influenced their business operations, while 95 per cent reported improved access to logistics and transport infrastructure "A significant takeaway from our research is the rising importance of plug-and-play industrial parks. These pre-approved, infrastructure-ready zones are helping reduce time-to-market, lower upfront capital expenditure, and mitigate operational risks, especially for MSMEs looking to scale," said Abhishek Bhutani, managing director, logistics & industrial, Cushman & 88 per cent of respondents, the government's infra push has directly influenced capital investment decisions, signalling increased confidence to scale operations. For large enterprises, impact is even sharper-94 per cent say these upgrades have been pivotal in shaping their expansion points to rising momentum in sectors such as automotive, engineering goods, electronics, and chemicals. Simultaneously, third-party logistics and FMCG operators are driving demand for Grade-A warehousing, buoyed by consumption growth and scaling of distribution networks.
Hans India
6 days ago
- Business
- Hans India
88 pc of manufacturers plan to expand operations backed by India's infra push
New Delhi: The government's infrastructure push has directly influenced capital investment decisions of 88 per cent of manufacturers, signalling increased confidence to scale operations, according to a report on Friday. India's manufacturing and logistics ecosystem is undergoing a significant transformation, driven by strong policy support and large-scale infrastructure investments. Cushman & Wakefield's report, titled 'Elevating India's Manufacturing Resilience: Charting the Path to Self-Reliance,' reveals high optimism regarding the impact of government-led infrastructure initiatives such as Bharatmala, Sagarmala, Dedicated Freight Corridors, and the National Industrial Corridor Development. As many as 86 per cent of respondents said these initiatives have positively influenced their business operations, while 95 per cent reported improved access to logistics and transport infrastructure as a result. For large enterprises, the impact is even sharper — 94 per cent say these upgrades have been pivotal in shaping their expansion plans. While the infrastructure buildout has laid the groundwork for industrial expansion, government policies like the production-linked incentive (PLI) schemes and 'Make in India' are shaping strategic priorities. Over 40 per cent of respondents said these schemes have had the most significant impact on their business. Meanwhile, the National Logistics Policy (NLP) and National Industrial Corridor Development (NICD) were cited by 54 per cent as being especially beneficial, particularly among MSMEs, for whom logistics accessibility and industrial park connectivity are key enablers, said the report. Notably, 77 per cent of the respondents felt that the ease of doing business had improved, with the figure rising to 86 per cent among large-scale firms. 'India's manufacturing sector is undergoing a structural shift. Our findings indicate a strong alignment between infrastructure investment, policy clarity, and industry intent,' said Gautam Saraf, Executive Managing Director, Mumbai and New Business, Cushman & Wakefield. To sustain this momentum, India must address deep-rooted cost and capacity gaps — especially in logistics, integrated facilities, and MSME productivity. 'Plug-and-play industrial parks, multimodal logistics networks, and improved land aggregation frameworks are not just enablers, they are essential levers for converting policy momentum into production ready outcomes,' said Saraf. To support long-term growth, the report lays out a five-pronged strategy: accelerate the development of plug-and-play industrial parks; reassess the parameters that define MSME's to foster scale; fast-track the rollout of multimodal logistics parks (MMLPs); invest in targeted skill development programs; and empower MSME exports through unified digital platforms and incentives.
