International Finance Corporation (IFC) invested $20 million in Pragati India Fund. It is a Delhi based investment firm that makes funds available to SMEs in several states such as Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan and West Bengal.

These low income states cannot attract private investments and are ignored for perception issues. Till date there has been not a single ...

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The International Finance Corporation (IFC) , the private sector financial arm of World Bank is planning to make equity investments of $20 million in 'Pragati India Fund'. The 'Pragati India Fund' is a SME focused fund meant to help companies operating in under-developed and low-income states of India. The states are like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa and Uttar ...

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Escalating cost of power has put small and medium enterprises (SME) of Punjab in a bind. The state government proposes to impose a cross-subsidy over open access. The small scale industry gets power from outside the state at a tariff rate that is much lower than the prevailing power tariff in the state.

Power tariff payable by industries in Punjab ...

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An agreement has been signed between India and Ethiopia in the area of Small and Medium Enterprises (SMEs). Prime minister, Manmohan Singh while signing the agreement in Addis Ababa said that it will be beneficial for both nations.

This SME segment pact has been inked by Dr. HP Kumar, CMD of National Small Industries Corporation (NSIC). Mr. Meskelchalla DG, ...

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France has shown interest in increasing trade and business with India. It sounds very optimistic about developing agro, power, tourism, medicinal plants and mining sectors in parts of Eastern India. This is conveyed by a senior diplomat in Agartala. Concentration on eastern sectors definitely would serve to increase the profit margins of SMEs that operate in the area.

India-French ...

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