CII presents ACMFN project at the 42nd ADFIAP Annual Meeting in Oman

The Confederation of Indian Industry (CII), as ADFIAP’s partner in the EU-Funded SWITCH-Asia Project, the Asian Cleantech MSME Financing Network (ACMFN), was invited as speaker at the 42nd ADFIAP Annual Meeting held on February 20-23, 2019 at the Sheraton Hotel Oman with the theme “DFIs’ Role in National Development.”

Ms. Nisha Jayaran, Senior Counselor of CII – Sohrabji Godrej Green Business Center, discussed the following action plans for the project under the Session on “DFIs and Entrepreneurship Development”: (1) adopting the cluster approach to promote clean technology among MSMEs in Tiruppur, Pune and Hyderabad; (2) organizing investor meetings to match banks and Cleaner Production MSMEs ; and (3) facilitating meetings between Original Equipment Manufacturers (OEM) and banks to develop an innovative model of financing for OEM MSMEs.

The above model, which promotes cleaner production through the use of clean technology with financing support, is envisioned to be replicated in other countries, in pursuance of the sustainability component of the ACMFN project.

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