ADFIAP, partners launch EU-funded Asia Cleantech MSME Financing Network project

ObpADFIAP together with its project partners, Germany’s Adelphi, the Confederation of Indian Industry (CII), Pupuk of Indonesia and CEESTA and Green Start Ups of China, launched on February 23, 2016 in New Delhi, India, the 3-country “Asia Cleantech Micro, Small and Medium Enterprises Financing Network” (ACMFN) project funded by the European Union (EU) through its SWITCH Asia Programme. About 60 attendees and stakeholders joined the successful project launch held at the Lalit Hotel in the Indian capital.

Eminent speakers from the EU Delegation to India, CII’s Green Business Centre, the Regional Council on MSMEs, the Integrated Association of Micro, Small & Medium Enterprises of India (I am SME of India) and the Small Industries Development Bank of India (SIDBI) shared their insights on MSMEs and clean technologies.

The ACMFN is a 4-year project which aims to build and leverage a cleantech financing eco-system to spark improved access to finance for Asian cleantech MSMEs in order to enhance sustainable consumption and production patterns in Asia. Cleantech refers to products, services and processes that reduce or eliminate negative ecological inputs, improve the productive and responsible use of natural resources and provide superior performance at lower cost.

MSMEs, considered to be the major drivers of worldwide economies, are being tapped to benefit from the project. The ACMFN will fund the capacity-building for about 400 MSMEs in order that they would have better chances to access financing for their projects. Workshops, advisory services and mentoring, among other activities, will be conducted, including national forums for matchmaking process between MSMEs and financial Institutions as well as training manuals and toolkits. Around 200 MSMEs are expected to have improved processes or created innovations within the project timeline.

For more information on the ACMFN project, please visit its website at www.acmfn.com or email inquiries@adfiap.org.

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