Bearys Chamber of Commerce and Industry UAE Chapter to provide investment platform for start-ups
Dubai: Bearys Chamber of Commerce and Industries (BCCI) UAE Chapter in a bid to support and encourage young entrepreneurs has decided to provide investment platform for start-ups and Small & Medium Sized Enterprises (SMEs) initiated by youngsters.
Speaking after the executive body meeting of the UAE Chapter at the Holiday Inn Hotel in Al Barsha of Dubai, SM Basheer, President of BCCI UAE Chapter informed about the organisation’s plans of providing a platform to bridge between the start-ups, SME and potential investors.
“In today’s competitive world, some of the business ideas, start-ups and SMEs initiated by young minds have gone up to become renowned brands in international market. Some of the youngsters lack initial investments to fund their ideas. The BCCI will provide platform for the young entrepreneurs to present their ideas in front of the potential investors” Basheer said.
BCCI UAE Chapter Vice President, Abdulla Madumoole added that the applicants can send their requests for investments on admin@bcciuae.com on or before November 30. The selected applicants will be provided a platform during the BCCI Investor’s conference in Dubai later.
BCCI UAE Chapter Secretary Abdur Rauf, Hamza Abdul Qader, Mohammed Ali Ucchil, Naveed Magundi, Imran Khan and others were present during the event.
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Budget allocation to AYUSH Ministry sees 20% rise
New Delhi (PTI): Budget allocation for the AYUSH ministry saw 20 per cent increase, from Rs 3,671.82 crore (revised estimates) in FY 2025-26 to Rs 4,408.93 crore in FY 2026-27.
The government has also announced the setting up of three new All India Institutes of Ayurveda to strengthen research in the field.
Presenting the Union Budget 2026-27, Finance Minister Nirmala Sitharaman said, "Ancient Indian Yoga, already respected in several parts of the world, was given a mass global recognition when the Prime Minister took it to the United Nations."
Stating that post-Covid Ayurveda has gained similar global acceptance and recognition, Sitharaman said exporting quality Ayurvedic products could help farmers who grow the herbs and the youth who process them.
To meet the global demand, she proposed setting up of three new All India Institutes of Ayurveda, upgrading AYUSH pharmacies and drug-testing labs for higher standards of certification ecosystem, making available more skilled personnel, and upgrading the WHO Global Traditional Medicine Centre in Jamnagar to bolster evidence-based research, training and awareness on traditional medicine.
Among the Centrally sponsored schemes, the allocation for the National AYUSH Mission has been increased from Rs 780.96 crore in FY 2025-26 to Rs 1,300 crore in FY 2026-27, registering 66.5 per cent hike.
The allocation for the All India Institute of Ayurveda has been reduced by 12 per cent.
Funding for the Institute of Teaching and Research in Ayurveda has also declined from 279.24 crore to 219.05 crore.
