D&B India, NSIC ink pact to boost growth of MSMEs

An agreement with the National Small Industries Corporation (NSIC) has been signed by Dun & Bradstreet Information Services India to create an ecosystem to encourage, finance and promote the growth of micro, small and medium enterprises, a statement said.

"This partnership would enable Indian MSMEs increase their exposure, extend access to international markets, identify potential customers, explore new suppliers and channel partners, manage risk and identify opportunities for growth," he added.

The collaboration would provide Indian MSMEs with access through NSIC's nationwide network of offices and technical centres to Dun & Bradstreet wide array of data and analytics solutions.

MSMEs will also be able to use platforms such as D&B Credit to make credit choices, monitor customers ' financial health, evaluate credit risk and identify trends in the portfolio.

In order to help MSMEs better manage the ever-changing global business climate, Dun & Bradstreet India will also collaborate with NSIC to provide tailored training and certification programmes, the release said.

By working with the NSIC, we expect to play a pivotal role in enabling the eco-system needed to accelerate MSME growth and help achieve the government's GDP contribution goal of 50% of GDP by FY 2025, "said Mr. Julian Prower, chairman of the board and MD, Dun & Bradstreet India."

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.