THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has called for evolving policy initiatives to redress the grievances of small-scale industries (SSI) and sustain the entrepreneurial spirit in India’s small and medium-si
The World Bank will extend a US$200 million loan to Small Industries Development Bank of India (Sidibi) by September to enhance credit to small companies.
Securitisation is a viable funding method for small finance companies because their advances generally match banks' requirements towards priority sector lending, said Mr N. Sampath Kumar, executive director (Finance), Ashok Leyland Finance.
US-based venture capital firm Small Enterprise Assistance Funds (SEAF) will make its debut in the Indian market with its SEAF India Equity Growth Fund. The fund totals US$40 million and will be launched in the next couple of months.
Industry experts have observed that foreign venture capital (VC) worth US$1.5-2.0 bn (Rs 10,000 crore) from Sidbi's SSI Fund will bolster small companies in the country this year.
Bank of Maharashtra says that it is interested in picking up International Finance Corporation's (IFC) 10% stake in Global Trade Finance (GTF).
The Karnataka State Financial Corporation (KSFC) assisted 1,300 new enterprises from various sectors during 2003-04, according to the managing director of KSFC, Mr V. Umesh.
Atradius, a global leader in credit insurance and credit management, and The New India Assurance signed a new reinsurance treaty, which comes into force as of April 1, 2004 with the intention of establishing a positive long-term partnership. Dr.
Exporters in Karnataka with good track records can now expect minimum inspections and speedy clearances by the government for their proposals.
Signalling a long-term stability in its foreign investment policy, India has offered to bind itself to allowing 100 per cent foreign equity in key services sectors.
