Media & News

Under its Corporate Social Responsibility initiatives, NSIC in association with Handicapped Welfare Federation set up a Computer Training Centre for the benefit of Weaker Sections of the Society. Shri A.K.Aggarwal, General Manager (SG)(HR) ,NSIC Limited inaugurated the centre.

NSIC entered into MOU agreement with State Bank of India on 8th July 2013 to promote and facilitate credit flow for sustainable development of MSMEs. This joint initiative aims at developing and strengthening of framework to support Micro, Small and Medium Enterprise with loan financing so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. Bipin Kumar Bhardwaj Deputy General Manager of State Bank of India.

On 13 June 2013, NSIC and Canara Bank signed a MOU agreement to promote Credit facilitation for sustainable development of MSMEs.The agreement not only aims at facilitating credit for MSMEs but also encourages them for being rated under Performance and Credit Rating Scheme so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. K.S Chandramouli General Manager of CANARA BANK.

NSIC has been making sustained endeavors for catering to the financial needs of MSMEs by making tie ups with various banks. This initiative has been extended with NSIC entering into MOU with SYNDICATE BANK on 10.06.2013. This makes SYNDICATE BANK the 22nd commercial bank to enter into this unique tie up arrangement . Under this MOU arrangement collaborative efforts would be undertaken to extend timely and affordable credit to MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. S.K. Thakkar General Manager of SYNDICATE BANK.

Prof.Shoji Shiba, Chief Adviser, Visionary Leaders for Manufacturing Program (VLFM ), Japan and Dr. Sarita Nagpal of CII called upon Dr. H.P. Kumar, CMD, NSIC to apprise him of their new initiative “ 1000 SME Projects” which aims to help MSMEs who have a customer –supplier relations to transform themselves into having win-win relationships.

A delegation led by His Excellency Mr.Jose Maria Morais ,High Commissioner, , Republic of Mozambique visited NSIC to discuss various areas of development cooperation between India and South African Development Community (SADC) members and to know about self-employment opportunities through Incubation program of NSIC in the country. The delegation was briefed by Dr. H.P. Kumar, CMD, NSIC and other officials about the program. The SADC Committee of Ambassadors expressed their keen interest in the Incubation Centres set up by NSIC for self employment creation.

The SME Conclave 2013 organised by CARE Rating Agency was inaugurated by Dr.H.P.Kumar,CMD,NSIC recently. Also present on the occasion were Mr.Rakesh Dogra, Managing Director & CEO,CARE Ratings. Giving his inaugural address ,Dr Kumar,CMD,NSIC stated Indian SMEs have been the driving force of India`s growth story. Even in times of current financial crisis the resilience of the sector has helped Indian economy to stay buoyed. In order to continue the growth story it is necessary that SMEs receive encouragement and support from the Banks and Rating agencies so that they adopt and obtain new facilities for their needs. Many SMEs are not aware as to how to take advantages of numerous opportunities and various support services available to them for their business and growth. The SMEs should come forward take advantage of various facilities being offered by NSIC and avail its benefits. The latest technologies, marketing strategies, innovative ideas, IT solutions and financial products are the main areas on which SMEs should focus constant attention for sustained development.

Dr. H.P. Kumar, Chairman cum Managing Director, National Small Industries Corporation, New Delhi and Ms. Susan Fennell, Mayor of Brampton, Canada shared their views on potential & opportunities for cooperation in Small & Medium Enterprise Sector between both the countries in an Interactive Session during the visit of the Canadian delegation led by Ms. Fennel to India recently.

NSIC signed Memorandum of Understanding (MOU) for the year 2013-14 with Ministry of Micro, Small and Medium Enterprises. The MOU was signed by Shri Madhav Lal, Secretary, MSME, Govt. of India and Dr. H.P. Kumar, CMD, NSIC. Shri C.K. Mishra, Joint Secretary, Ministry of MSME ,Shri Ravindra Nath, and Shri P.Udayakumar, Directors were also present.

The mutual cooperation agreement between National Small Industries Corporation (NSIC), India and Industrial and Infrastructure Development Finance Company Limited (IIDFC), Bangladesh has been renewed for further three years at a function at IIDFC Office in Dhaka, Bangladesh on 24 March 2013.Chairman cum Managing Director of NSIC Dr. H.P. Kumar and Chairman of IIDFC Mr. Matiul Islam signed the renewal agreement on behalf of their respective sides.The agreement is intended to learn and share best practices in SME sector both in India and Bangladesh. These include facilitating sustainable business alliances between enterprises in India and Bangladesh, Transfer of Technology and holding Exhibitions and fostering Enterprise to Enterprise Cooperation through exchange of delegations. Such share of knowledge and experience will help establishing direct linkage of SME entrepreneurs of both the countries which will ultimately boost total trade and commerce. Shri R. Masakui, First Secretary of High Commission of India, Shri S. Muhnot, Managing Director of Small Industries Development Bank of India (SIDBI), Shri Rajiv Chawla, Chairman of Integrated Association of Micro Small and Medium Enterprises of India (IamSME of India), Shri Pralay Dey, General Manager (Tech.) of NSIC, Shri M Syeduzzaman, Vice Chairman of IIDFC, Md. Asaduzzaman Khan, Managing Director of IIDFC, Md. Khalilur Rahman, Assistant Director of IIDFC, Md. Russel Shahrior, SVP & Head of SME Finance of IIDFC and Shri Nessar Maksud Khan, Sr. Vice President of Dhaka Chamber of Commerce and Industries were among other, present on the occasion.

The Bangladesh Bank and the India-Bangladesh Chamber of Commerce and Industry (IBCCI) jointly organized a seminar on Micro, Small & Medium Enterprises (MSME) in association with the Indian High Commission in Dhaka, Bangladesh at the Centre on Integrated Rural Development for Asia and the Pacific (CIRDAP) conference room on 23rd March 2013. Presided over the IBCCI president Shri Abdul Matlub Ahmad the inaugural function was addressed by among other Dr. H.P. Kumar, Chairman cum Managing Director, National Small Industries Corporation (NSIC), Shri Sushil Muhnot, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI), Shri Pankaj Saran, Indian High Commissioner in Dhaka, Shri Khandaker Ibrahim Khaled, Former Deputy Governor of the Central Bank, Shri Rajiv Chawla, IAM SME of India.The focus of the seminar is to explore opportunities of cooperation between the two countries in the MSME sector. It is expected to open a new avenue of engagement between the entrepreneurs and businesses of Bangladesh and India. This was perhaps the first seminar of its kind aimed at bringing together the premier institutions from India and Bangladesh in Micro, Small and Medium Enterprises (SME) sector.The chairpersons of NSIC, SIDBI and IamSME of India provided detailed presentation on their subjects and shared Indian experiences on the vibrant MSME sector. The seminar got overwhelmed response and more than 200 distinguished representatives from various enterprises, organizations and institutions of MSME sector of Bangladesh took part in the seminar.

NSIC exchanged Memorandum of Understanding (MOU) for cooperation with Social Fund for Development (SFD), Arab Republic of Egypt in the august presence of Hon’ble Prime Minister of India, Dr. Manmohan Singh and Hon’ble President of Arab Republic of Egypt H.E. Mr. Mohamed Morsy during the visit of the Hon’ble President of Egypt to India. The MoU was signed by Dr. H.P. Kumar, Chairman & Managing Director, NSIC and Mrs. G.H. Waly, Managing Director of SFD at Hyderabad House on March 19, 2013. The MoU envisages cooperation between two organizations for the development of micro & small enterprises in Egypt.