Indian telecom company HFCL to avail Rs.653cr incentives under PLI scheme

Indian telecom company HFCL to avail Rs.653cr incentives under PLI scheme

HFCL, an Indian telecom company, will avail an incentive of up to INR 652.79 crores as part of production-linked incentive (PLI) scheme following approval from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority. Out of the INR 4,115 crores investment from all the participating companies under the PLI Scheme, […]

Tata Power, SIDBI partner to establish green energy enterprises in India

Tata Power, SIDBI partner to establish green energy enterprises in India

Tata Power said that its fully-owned subsidiary — TP Renewable Microgrid Limited (TPRMG) has entered into a partnership with Small Industries Development Bank of India (SIDBI) for launching a program to establish 1,000 green energy enterprises across India. According to Tata Power, the Indian government’s Atmanirbhar Bharat vision will be supported by the initiative as […]

Bank of Baroda, SIDBI sign MOU to enable MSMEs to apply for restructuring

Bank of Baroda, SIDBI sign MOU to enable MSMEs to apply for restructuring

Bank of Baroda (BoB) has inked a memorandum of understanding (MOU) with the Small Industries Development Bank of India (SIDBI) for enabling micro, small, and medium enterprises (MSMEs) to apply online for one-time restructuring (OTR). The MSME customers of the public sector bank can now access the web-based portal – ‘Asset Restructuring Module for MSMEs […]