ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Power2SME signs MoU with PHDCCI to empower MSMEs

New Delhi [India], Jan 9 (ANI/NewsVoir): Power2SME and PHD Chamber of Commerce and Industry (PHDCCI) signed a Memorandum of Understanding (MoU) which aims to boost the economic growth and development of PHDCCI affiliated MSMEs.

ANI Jan 09, 2020 14:24 IST googleads

Power2SME signs MoU with PHDCCI to empower MSMEs

New Delhi [India], Jan 9 (ANI/NewsVoir): Power2SME and PHD Chamber of Commerce and Industry (PHDCCI) signed a Memorandum of Understanding (MoU) which aims to boost the economic growth and development of PHDCCI affiliated MSMEs.
Power2SME, India's first B2B buying club will extend its enterprise-grade solutions to members of PHDCCI which has a large network and agenda for MSMEs. Additionally, the MoU will also catalyze the exchange of market knowledge between both parties, and enable both to service SMEs better for their raw material, finance, and other requirements.
"The MoU between Power2SME and PHDCCI has been inked to drive our deep commitment towards the MSME players and create a positive impact with relevant solutions that address their business challenges. With a mutual aim to make MSMEs in India bankable, both Power2SME and PHDCCI will create a business-friendly ecosystem for MSMEs to flourish and boost their contribution towards India's GDP," said R Narayan, Founder and CEO, Power2SME.
"This MoU envisages mutual cooperation in the area of raw material procurement and facilitating funding support to PHDCCI members from banks and NBFCs for the financing of such raw materials. Through this, PHDCCI and Power2SME will further empower and propel Indian MSMEs on the fast lane of growth," said DK Aggarwal, President, PHDCCI.
The alliance is aimed at empowering member MSMEs of PHDCCI and others in sourcing a variety of raw materials like metal, polymers, yarns, chemicals and a host of other materials.
Power2SME focuses on streamlining raw material procurement and access to finance for MSMEs at highly competitive rates. This initiative will provide a massive opportunity for the SME sector in terms of creating a platform for them to grow, and counter industry-related challenges with guidance and support from Power2SME and PHDCCI.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Adani Foundation to connect 10 lakh women nationwide

Adani Foundation to connect 10 lakh women nationwide

The Adani Foundation, today, declared that in the next one year, it will connect one lakh women in Maharashtra with the Swabhimaan initiative. For the future, Adani Foundation has announced to connect 10 lakh women in India with the same initiative and make them strong.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Business

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Sarbabharatiya Sangeet O Sanskriti Parishad Convenes 48th Annual

Kolkata (West Bengal) [India], March 12: Sarbabharatiya Sangeet O Sanskriti Parishad officially commenced its 48th Annual Convocation yesterday, March 11, at the historic Mahajati Sadan, Kolkata. The three-day event, running from March 11 to 13, celebrates the institution's legacy of cultural service and its mission to bridge traditional heritage with a modernized future.

Read More
Business

Indian envoy in Shanghai meets Ant Group top official

Indian envoy in Shanghai meets Ant Group top official

Consulate General of India in Shanghai Pratik Mathur on Thursday met Carrie Suen, Vice President and Head of Global Affairs and Strategic Development of Ant Group.

Read More
Business

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

Nandita Desai Unveils a Unique Painting Exhibition on Vintage

New Delhi [India], March 12: There is something quietly powerful about a window... It neither confines nor escapes. It simply allows us to look, to pause, to breathe between inner and outer worlds. In The Painted Window, multi-award-winning contemporary artist Nandita Desai turns this everyday architectural element into the soul of her fifth solo exhibition, transforming vintage and handcrafted windows into luminous works of art. Running from 16th to 21st March 2026 at the Kamalnayan Bajaj Art Gallery, Nariman Point, Mumbai, the exhibition brings together 50 artworks - windows that look outward at the world, and inward at memory and quiet reflection.

Read More
Business

AdvantageClub.ai Celebrates 100 Global Women HR Leaders Driving

AdvantageClub.ai Celebrates 100 Global Women HR Leaders Driving

Gurugram (Haryana) [India], March 12: AdvantageClub.ai, a global AI-powered employee rewards, recognition and wellbeing platform, has unveiled the winners of the Most Admired Women Awards (MAW) 2026, honouring 100 outstanding women HR leaders who are driving transformation across the global workplace landscape.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.