India

A unified law for the small-scale industry sector (SSI) that will help enhance the sector's efficiency is being drafted, according to Dr C.S.

Of the Rs 95 crore credit that the Credit Guarantee Fund Trust For Small Industries (CGTSI) has disbursed, Karnataka leads with an intake of Rs 17 crore.

The company registered good financial performance in the nine-month period ending December 2002. The funds deployed during this period grew 30.2 per cent to Rs 181 crore against Rs 139 crore in the corresponding previous period.

Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany and International Finance Corporation of Washington, today said it would explore opportunities in the Rs 7,00

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity component of small- and medium-sized enterprises (SMEs).

The Export Credit Guarantee Corporation of India Ltd (ECGC) has reduced premium by between 20 and 40 per cent on exports to developing countries and emerging markets, effective April 2003.

In a watershed Exim policy, government announced a major package for exports of services, special focus on high growth sectors like textiles, auto, gems and jewellery and dismantled restrictions on export of five items like paddy, rare earth and c

Power producers will now be able to insure their receivables against non-payment of payments due as the insurance sector is open to offering credit insurance cover on the sale of power to third corporate parties.

Bank of India (BoI) plans to introduce an exclusive Small Scale Industries (SSI) credit rating system which will take into consideration problems unique to the sector.

The Taskforce on Project Exports, set up by Prime Minister’s Office in June 2002, has recommended in its report that the government should reimburse the losses due to political risks suffered in Iraq since 1991, to the Export Credit Guarantee Corp