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Business EconomyPosted at: Jun 30 2022 9:05PM


Need to keep vibrancy in enterprise development models: SIDBI CMD

Hyderabad, June 30 (UNI) Small Industries Development Bank of India (SIDBI) Chairman and Managing Director S. Ramann on Thursday said that there is need to keep vibrancy in enterprise development models.
In his keynote address at a National level Learn-Shop on development of the MSME ecosystem organized virtually by SIDBI along with its Project Management agency Grant Thornton (GT), Ramann mentioned that SIDBI has prioritized cluster development theme but can only evolve sustainable strategy in coordination with stakeholders, key being state governments.
He called upon all stakeholders to walk together for overall development of the MSME ecosystem in the country.
The objective of the event was to learn and share good practices aligned to cluster centric development thus maximizing adoption and adaptation.
Earlier, while welcoming participants including officials from over 20 state governments, V. Satya Venkata Rao DMD illustrated SIDBIs role in strengthening the enterprise value chain in cooperation with state governments.
He also highlighted the SIDBI Cluster Development Fund Scheme which is supporting State Governments for building MSME Cluster Infrastructure.
Prof. V. Padmanand, Partner, Public Sector Consulting, Grant Thornton Bharat elaborated on the key interventions and best practices evolved as a result of SIDBI’s engagement with various state governments/UTs through the deployment of PMU (Grant Thornton Bharat).
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