India to lend Kenya $45 mn for industrial development
The Dollar Business Bureau India to provide $45 million Line of Credit to Kenya to help in developing a textile unit and other small industries, the leaders of two nations said on Monday. Prime Minister Narendra Modi and Kenyan President Uhuru Kenyatta have signed seven trade agreements. The two agreements, part of the seven deals signed, were a Line of Credit pact for $15 million to Kenya’s Industrial Development Bank Ltd (IDB) for the development of small scale and medium enterprises (SMEs) and an agreement of Line of Credit for $29.95 million to revive the Rift Valley Textiles (Rivatex) factory in Kenya. “The ties between the two countries are rich and long-standing. The multi-faceted partnership for development is a major pillar of our bilateral ties. ...
Kalraj Mishra asks MSMEs to raise the bar to international standards
The Dollar Business Bureau Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME), speaking at the MSME symposium Kalraj Mishra, Minister of Micro, Small and Medium Enterprise (MSME) has said that there exists an immense opportunity for MSMEs to grow in India and has urged stakeholders to build strategies to strengthen India’s MSMEs to match global standards. Speaking at the inauguration of the two-day Symposium on “Growth and Prospects of MSME Sector in Emerging Scenario”, organised by the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the Confederation of Indian Industry (CII), Mishra said that the MSME sector has a much larger role to play in the revival of the Indian economy. MSMEs in India contribute ...
