SIDBI’s New Initiative for MSME’s of Tirupur

Today Our Cluster and its Stakeholders have made a remarkable strategic move towards progress by signing an MOU with SIDBI. Refer the News Coverage below,

with this MOU, TTPK has been empowered to do Preliminary Due Diligence of Manufacturers who are looking for Financial Assistance for the loan value ranges upto 75Lakhs.

Its a great pleasure for me personally because, VRNC have been engaged with Small Industries Development Bank of India (SIDBI) Tirupur to facilitate their Promotional & Developmental Initiatives. Last year in collaboration with TTPK we have launched an Awareness Session on Energy Efficient Technologies for Textile Industries, in that Event the Idea of Signing an MOU with TTPK for the benefit of Industries of Tirupur has been Proposed by me with advice of Shri.Vijayakumar of TTPK to Shri. KG Alai of SIDBI.

Its a Small Step towards our Goal of Achieving 1 Lakh Crore by Year 2020. Let us Progress Together…

If you wish to explore more with SIDBI & Offerings <Register Here>, we will keep you informed on the SIDBI Schemes & Support. You can also stay connected with Local SIDBI Branch / TTPK Office.

Last Year Program details as follows,

The 1st Program was Co Sponsored by Price Waterhouse Cooper (PwC), Japanese International Cooperation Agency (JICA). Expert from PwC Shri. Jayakrishnan Nair delivered his presentation on Energy Efficient Technologies Available for Textile Industries and JICA Line of Credit.

The Event was facilitated and honored with the presence of Shri. KG Alai (CGM) SIDBI, Shri Srinivas (GM) SIDBI, Shri. Srikanta Das (DGM) SIDBI. Shri Vijayakumar of TTPK presented the “Cluster’s Expectations from SIDBI”. CGM of SIDBI Shri KG Alai announced that necessary initiatives will be taken in order to meet the expectations of Tirupur Cluster. Further the possibility of signing an MOU will be explored. The Event was well received by the Audience. The Press News of the same is below.    Dinamalardinathanthi 001VRNC proud to be the Key Strategic Catalyst in this initiative. More such Strategic Programs are envisaged with the objective to Nurture the Vision 2020.

Raman Azhahia Manavalan

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