International Finance Corporation (IFC), a member of the World Bank group, is the largest global development institution focussed exclusively on the private sector in developing countries. Ruchira Shukla, Regional Lead, South Asia, Venture Capital, IFC, spoke about the new fund’s investment plans…
Tag: World Bank Group
Need to encourage leasing to boost SME growth: World Bank
The World Bank Group sees “leasing” as an important financing tool for Small and Medium Enterprises (SMEs) and wants policymakers in India to take steps to propel its growth in the country. “Leasing is very sensitive to taxation and I understand the taxation rules were changed, and as a result, i…
IFC Leads Rs. 400 Crores Series D Investment in Lenskart
IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 crores Series D investment round which also…
Uttar Pradesh MSME sector received investment of Rs 13,000 crore
The Micro, Small and Medium Enterprises (MSME) sector in Uttar Pradesh received a total investment of about Rs 13,000 crore during the Eleventh Five Year Plan (2007-12). The MSME sector contributes 60 per cent of the state’s annual industrial output, employs 9.2 million people and generates…