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Business Economy


Cross-border e-commerce platform to fund SAARC region start- ups

New Delhi, July 9 (UNI) SAARC Development Fund, the cross border project umbrella financing institution for SAARC Member States, is in the process of developing an e-commerce platform for enabling seamless trade of goods and services across SAARC Member States even as it would fund ‘Start-Ups’ , giving a fillip to budding entrepreneurs in the region, said SDF CEO Dr Sunil Motiwal.
“A proposal to develop a cross border e-commerce platform along with a SAARC money card for the common people across the region is under finalisation,” Dr Motiwal said in a statement , summarising the outcome of the recent two-day SAARC Development Fund Partnership Conclave, an event of strategic and regional importance for growth of SAARC region with the apex Multilateral Development Banks like the World Bank (WB), Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) in New Delhi.
The business meeting with the multilateral organisations and financial institutions was meant to rope them in enhancing the credit portfolio of the SDF which has already disbursed USD 47 million in 12 cross border projects and granted in- principle approvals for two energy cross border projects with commitment of USD 30 Million in the region. Dr Motiwal also confirmed that SDF is currently considering bankable projects in the areas of infrastructure, economic and MSME segments of markets in SAARC region.
More News

Gayatri Projects receives LOA for Rs 395 98 crore project in UP

28 Nov 2020 | 5:16 PM

Mumbai, Nov 28 (UNI) Gayatri Projects said that it has received Letter of Award (LOA) from Namami Gange & Rural Drinking Water Department in the state of Uttar Pradesh amounting Rs 395.98 criteria.

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Bullion Market Closing Rates

28 Nov 2020 | 4:03 PM

Chennai, Nov 28 (UNI) Following is the bullion markets
closing rate here today.

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BSE signs MoU with Mission Youth, Govt of J&K

BSE signs MoU with Mission Youth, Govt of J&K

28 Nov 2020 | 3:31 PM

Mumbai, Nov 28 (UNI) BSE has signed an MoU with Mission Youth, Government of J&K to spread financial awareness, support economic development, and encourage sustainable livelihood in the Union Territory.

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28 Nov 2020 | 2:55 PM

Kozhikode, Nov 28 (UNI) Following were the rates in the Kozhikode Coir
market today per quintal.

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28 Nov 2020 | 2:54 PM

Kozhikode, Nov, 28 (UNI) Following were the rates in the Kozhikode
Oil market today per quintal.

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