The fund is expected to identify Indian enterprises and companies with potential advantages by way of technology, products or processes along with export potential, but which are currently underperforming or unable to tap their latent potential to grow.
The Ubharte Sitaare fund is a mix of structured support, both financial and advisory services through investments in equity or equity like instruments, debt (funded and non-funded) and technical assistance (advisory services, grants and soft loans) to the Indian companies.
Objectives:
1) To enhance India’s competitiveness in select sectors through finance and extensive handholding support.
2) To identify and nurture companies having differentiated technology, products or processes, and enhance their export business.
3) To assist units with export potential, which are unable to scale up their operations for want of finance.
4) To identify and mitigate challenges faced by successful companies which hinder their exports.
5) To assist existing exporters in widening their basket of products and target new markets through a strategic and structured export market development initiative.
Eligibility :
1) Companies with unique value proposition in technology, products or processes that match global requirements.
2) Fundamentally strong companies with acceptable financials, and outward orientation.
3) Small and mid-sized companies with ability to penetrate global markets, with an annual turnover of up to approx. INR 500 crore.
4) Companies with a good business model, strong management capabilities, and focus on product quality.
5) Indicative Sectors: Automobiles and Auto components, Aerospace, Capital Goods, Chemicals, Defence, Food Processing, IT & ITeS, Machinery, Pharmaceuticals, Precision engineering, Textiles and allied sectors.
Source :-www.eximbankindia.in
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