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Role Of SMEs In Defence Industries In India

Small and Medium Enterprises (SMEs) play a vital role in the economic development of all countries worldwide. SMEs account for 90% of business establishments and half or more of the output and export share, and generate employment opportunities close to 70% of the labor force. Hence, it is no surprise that globally SMEs are an indispensable part of the supply ...

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Chile invites Indian IT companies to partner in country’s development

Applauding India’s growth in the Information Technology (IT) sector during the last decade, the Chilean president said Indian companies could partner with Chilean companies to build global projects. Chilean President Michelle Bachelet,who came to India on 16th March for a five-day official tour, was speaking at a function in Chennai, organised by the IT industry lobby, National Association of Software and Service Companies ...

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Spain creates 6 bln euro credit line for SMEs

Spain will create a new 6 billion euro ($7.6 billion) credit line for small and medium-sized companies, Deputy Prime Minister Maria Teresa Fernandez de la Vega said on 6th March . The fund marks the latest move by Spain’s government to channel state credit to small businesses that are struggling to gain bank loans during the global crisis. (Reporting by ...

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Ulster Bank unveils £250m fund to help struggling companies

The Ulster Bank on 5th February set up a £250 million Regional Fund to support small and medium sized companies in Northern Ireland through this year. The locally administered fund is part of a £3 billion SME package the Ulster’s parent company, Royal Bank of Scotland is making available through 12 regional funds across the UK. The move was announced ...

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S Korea to invest KRW 50 trillion on SMEs in 2009

Yonhap reported that South Korea will seek to provide about KRW 50 trillion in new funds to smaller companies in 2009 to help them cope with cash shortages amid a slumping economy. Smaller local companies are suffering from a liquidity squeeze as banks have become wary of lending to them due to mounting bad loans. Financial Services Commission said in ...

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Bank Negara Establishes RM2 Billion SME Scheme

Bank Negara Malaysia has established a RM2 billion SME Assistance Guarantee Scheme (SAGS) to ensure that viable Small and Medium Enterprises (SMEs) adversely impacted by the current economic slowdown continue to have access to adequate financing. With the guarantee cover, it is envisaged that access to financing to viable SMEs will be enhanced and at a lower cost, the central ...

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Barclays SME lending pledge

Barclays – LON: BARC – has announced increased financial support to UK SMEs. Barclays currently has some £15 billion in lending balances in place with SME customers in the UK market, representing a six per cent year on year increase. On December 15, the bank announced it would be making at least a further £1.5 billion available to SMEs in ...

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Gov’t to reallocate almost €1 billion to support SMEs, PM says

The government will reallocate 260 billion forints (EUR 972.59m) in funds from various operative programs to the economic operative program in order to provide support for small- and medium-sized businesses in Hungary, Prime Minister Ferenc Gyurcsany told a press conference in Budapest on 17 December. Gyurcsany said that both refundable and non-refundable support would be made available to SMEs for ...

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European investment for SMEs in India

Mr. Sergio Arzeni, Director of the Centre for SMEs and OECD The European Commission (EC) and Organisation for Economic Cooperation and Development (OECD) are jointly looking forward to open centers in Gujarat and other parts of India for the business development and strategies exchanges of Small and Medium-Sized Enterprises (SMEs). Sergio Arzeni, Director of the Centre for Entrepreneurship, Small and ...

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Brazil provides $7 bln to SMEs amid global economic crisis

Finance Minister of Brazil, Guido Mantega announced that Brazil will provide 15 billion reais (7 billion U.S. dollars) for small and medium-sized enterprises (SMEs). Such measures are the latest actions taken by the Brazilian government aimed at increasing liquidity in the market and the working capital of companies. It is reported that 10 billion reais (4.67 billion dollars) were obtained ...

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