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Last updated: 27 Sep, 2014  

SME.Thmb.jpg Lack of funds hinder Indian SMEs to implement projects in Africa

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Biswajit Choudhury | 02 May, 2013
Indian Small and Medium Enterprises (SMEs) face immense hurdle in accessing finance for implementing projects in Africa, observed Abhilash Puljal, of the trade and investment advisory firm Avignam.

"African SMEs many times prefer Indian products and machinery compared to products from other parts of the world, and have an image of better quality and longevity. Also, they find Indian engineering simple and easier from a maintenance point of view," said Puljal, who is managing director of Avignam to a news agency in New Delhi.

According to him, there is a renewed surge of interest among Indian small and medium enterprises towards Africa as an investment destination, but facilitation is required to convert this interest into concrete investments.

"The main hurdle for Indian SMEs is access to finance for implementing projects in Africa. They have the requisite technical expertise and the risk appetite to invest in Africa, but they do not have adequate funds," he pointed out.

Puljal said that in his interactions with Indian government officials he has suggested bank funding for Indian SME projects in Africa.

Also, having an African SME Conclave in India would help in better understanding the opportunities and challenges in this regard.

Indian enterprises need to follow a participatory approach to develop their businesses in Africa otherwise they would lose out to others from countries like Brazil and Turkey, which are increasingly active now in the continent, added Puljal.

"We (in India) need to think differently when we look at Africa. If we don't take Africans along, work with them with a developmental perspective, it is difficult to succeed," he mentioned.

He said Africa is keen to collaborate with foreigners, who work in a participatory mode, in a way that helps develop their skills and capacity.

Avignam is working with the vision of developing the private sector in the emerging economies with a South-South agenda. A London School of Economics alumnus, Puljal has a Rwandan partner with an office in the capital Kigali.

Pujal said there are three key requirements of developing economies, including in Africa -- technology, building capacity and capital.

"India has all three. Technologies are available in India, which can be taken to Africa through an Indian investor."

Companies need to bring these from middle-income economies to low income economies, Avignam advises.
 
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IRON ORE PELLETZATION TECHNOLOGIES SEEKING FOR FUNDS/INVESTMENT
SUBBA RAO | Wed Jun 12 10:58:50 2013
SUB:-IRON ORE PELLETZATION TECHNOLOGIES SEEKING FOR FUNDS GOOD MORNING, I am I.V. SUBBA RAO, from RAGHUVAMSI TECHNOLOGIES AP. Have developed advanced iron ore fines converted to DRI (sponge iron) technology which is not available in India as well as other countries also. It is name as IRON ORE PELLETZATION TECHNOLOGY. Through this technology small, medium and major sponge iron manufacturing industries (Karnataka, Orissa, Jharkhand, Chhattisgarh, West Bengal and Madhya Pradesh) can use this iron ore power easily. Because of this technology sponge iron and steel manufactures can get lot of profits. We are planning to Commercialized this technology, Because So many small and medium sponge iron manufactures was after this technology, Lot of customers are interesting to utilize our technology, while before that they want to see the operation plant. If anyone SUPPORT me financially loan or credit type funding of 27.0 cores, I will set up Commercialized pallet plant as early as possible. This Project cost is around 27 .0 Crores, but we are not financially sound enough. We have filed for patent rights in JULY 2008, Through This technology fines can utilized properly, because of this sponge iron production may increase up to 5.0 LACKS of CRORES per ANUM, Now a day’s iron ore fines utilization is burning problem for Indian (other countries) sponge iron manufacturers, and GOVT of India has already banned (IRON ORE) exports, day by day iron ore fines generation going up. Pebb


Business in Africa
Vasudevan Nair | Wed May 8 08:27:53 2013
Opportunities are aplenty in Africa for Indian entrepreneurs. But there is no support from government of India. It is a pity that India has no embassies in most African countries. Most African businessmen are interested in collaborating with India but there is need for greater interactions through government initiative to bring these enthusiasms to practical business collaborations.


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Karan Malhotra | Mon May 6 10:22:04 2013
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