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In Focus
In the 1970s, Arjun Malhotra was part of a team that developed computers at DCM Group's new division
Jagdish Khattar, former MD of Maruti Suzuki, turns entrepreneur
With over 50 funds having been started in the last two-three years, there definitely is a lot of money to be invested. While there are a large number of deals, many of these are not quite ready for institutional investment.
As a young girl growing up in the Philippines, Yasmina McCarty would buy and eat a lot of green mangoes from a vendor named Malou.
Two kinds of entrepreneurs evolved during the 1992-93 period. Those primarily focused on Indian demand, looking at domestic business and the other focussed on the export market, exploiting the India advantage.
Where the SME has a well thought-out business plan, and the promoters maintain proper books of account, the banks should be open to finance the cash deficits.
SMEs functioning on a stand-alone basis, supplying to diverse companies, would find the going tough. SMEs were getting into some sort of a value chain, entering into joint ventures with larger players.
Besides earning a higher yield, banks also benefit from a host of ancillary businesses from an SME client. Banks are also taking additional initiatives to increase lending to the SME segment.
Frankly Speaking
Meera Sanyal: Banker who believes in change
Pranav Adani: Customers are brand ambassadors
B. Santhanam: We are hiring
OPINION POLL
Do you think lending rates must be lowered for SMEs?
Yes No Can't Say
SME DIRECTORY
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