Media & News

On 23rd August 2012 NSIC signed MOU agreement with State Bank of Travancore making it the 17th commercial bank to enter into this unique tie up alliance. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Smt. Kiran Singh Deputy General Manager of State Bank of Travancore.

The 2nd DLF Business Summit-2012 focusing on “ Supporting MSMEs sustainability organized by DLF Industries Association (Faridabad) was inaugurated by Dr. H.P. Kumar, CMD, NSIC recently. Speaking on the occasion Dr. H.P. Kumar, CMD, NSIC informed that huge potential and growth lies for MSMEs in the 20% purchase preference policy to Government of India for Micro & Small Enterprises. To support the sustainability of MSMEs, NSIC has introduced a number of innovative schemes such as B2B portal for marketing, incubation of unemployed youth, building business development centers, etc.

A delegation led by the First Lady of South Africa H.E. Ms. Nompumelelo Ntuli Zuma visited NSIC on 29th March, 2012 and held discussions with Dr. H.P.Kumar,CMD, NSIC on areas of mutual cooperation for development of Micro, Small and Medium Enterprises (MSMEs) in both the countries. The South African delegation also visited NSIC Training cum Incubation Centre and was impressed with the work being done by NSIC and further expressed their desire to set up similar Incubation Centre(s),developing policies and Institutional framework for SME development in South Africa.

A delegation led by Shri R.K.Mathur, Secretary,MSME alongwith Dr.H.P.Kumar,CMD,NSIC visited Romania to have discussions with Agency for implementing Programs and Projects for SMEs, Ministry of Economy, Trade and Business Environment, Government of Romania. The delegation discussed areas of mutual cooperation between the two countries for the development and boosting trade for the MSMEs sector.

National Small Industries Corporation (NSIC) signed an Memorandum of Understanding (MoU) with Ministry of Micro, Small and Medium Enterprises (MSMEs). The Memorandum of Understanding for the year 2012-13 was signed by Dr. H.P Kumar, CMD, NSIC with Shri R.K. Mathur Secretary, MSME, Government of India .The said MoU envisages provision of enhanced services under Financial Support, Marketing Support, Technology Services and other support services for the MSMEs in the country. Also present during the MoU signing ceremony were Shri Ravindra Nath, Director (Fin),NSIC , Shri P.Udaya Kumar, Director (P&M),NSIC ,Shri Amarendra Sinha ,AS&DC(MSME)& Shri Jitesh John,Director,MSME

NSIC has entered into MOU with Federal Bank on 08.10.2011 for facilitating credit to MSME . The MOU has been signed by Sh. Ravindra Nath Director(Finance) of NSIC and Sh. P.C John Executive Director of Federal Bank. With this strategic alliance Federal bank becomes the 16th bank empanelled with NSIC under its Bank Credit Facilitation Scheme. NSIC through tie up arrangement with various commercial banks has been facilitating MSMEs in meeting their credit requirements.

In a yet another strategic move NSIC has signed MOU with Vijaya Bank on 04.10.2011 making it 15th bank enlisted under its Bank Credit Facilitation Scheme.NSIC believes in strengthening its endeavour in serving the MSME Sector by providing them with credit flow through its unique and integrated tie up arrangement with various commercial banks. The MOU has been signed by Sh. Ravindra Nath Director(Finance) of NSIC and Sh. H.N Shetty General Manager,Delhi Region of Vijaya Bank.

NSIC launched a Web Portal on July 7, 2011 for disseminating Marketing Intelligence to MSME sector in the country. Present on the ocassion were Shri Uday Kumar Varma, Secretary, MSME, Dr. H.P.Kumar, Chairman, NSIC, Shri Ravindra Nath Director(Fin), NSIC Shri P.UdayKumar, Dir(P&M), NSIC, Shri Ashok .k. Mangotra, Director General, DGSD and Members of Industry Associations. The www.msmemarketingintelligence.com web portal will facilitate connectivity to Indian MSMEs and access to global enterprises in accessing information about the products and technologies available from MSME sector in India.

NSIC has signed MOU with Bank of Baroda on 28.07.2011 to strengthen its endeavour for serving to the financial needs of MSME Sector.This instrumental alliance with Bank of Baroda would invariably offer MSME’s a suitable platform to cater to their credit requirements. The MOU has been signed by Sh. Ravindra Nath Director(Finance) of NSIC and Sh. J Ramesh General Manager,Corporate Center (SME&WM) of Bank of Baroda.

Mr. Ravindra Nath, Director (Finance) and Mr. Satvinder Singh, General Manager, NSIC invited by Directeur de I’Intendance des Armees, Etat-Major General Des Armees, Senegal to conclude the terms for the supply of turn-key projects for manufacturing of products required by Military department. During the recent visit of NSIC officials, the military authorities in Senegal confirmed with their acceptance to NSIC for the supply of Plant & Machines pertaining to the projects like Ground Nut Paste, Ground Nut Oil, Tomato Puree and Fruit Juice.During the visit of NSIC officials to Senegal, the delegation met Mr. Abdoulaye FALL, General Chief of Staff, Senegal and discussed in detailed about the association of NSIC with Military agencies.

Department of Industrial Development (DID), Ministry of Energy & Industry, Government of Qatar confirmed with acceptance to NSIC, to carry out the consultancy assignment for Identification & Preparation of Project Profiles for Small & Medium enterprises in Qatar. Mr. Ravindra Nath, Director (Finance) NSIC signed the contract with DID, Qatar on behalf of NSIC. Mr. Satvinder Singh, GM, NSIC was also present during signing of contract.

National Small Industries Corporation signs a Memorandum of Understanding (MoU) with HMT (International) Limited on 9th June, 2011 in the presence of Shri P. Udayakumar, Director (Planning & Marketing), NSIC and Shri S. Girish Kumar, Managing Director, HMT(I).