CRIF High Mark, Indian credit bureau owned by CRIF has joined hands with Small Industries Development Bank of India (SIDBI) apex financial institution for Micro, Small and Medium Enterprises (MSMEs) in India, for launching of sector-based insight reports titled ‘Industry Spotlight’. Under the partnership, a series of quarterly reports providing data and trends on key industry sectors in each edition will be launched.
The report aims at analyzing the credit landscape of the sector, understand the borrower segments with its risk analysis and equip policymakers as well as the MSME players with the required trends and statistics for sectoral growth.
Navin Chandani, Managing Director & Chief Executive Officer, CRIF India, on the collaboration said, “It is a proud moment for CRIF India to associate with Small Industries Development Bank of India (SIDBI) for the launch of ‘Industry Spotlight’. With the advent of government initiatives like ‘AtmaNirbhar Bharat’, India has embarked upon its vision to become one of the fastest-growing economies in the coming years. In this prevailing journey, the first industry spotlight presents a deep-seat dive information into the Drugs and Pharmaceuticals. We hope such insights and analysis will be beneficial for the industry at large and will bring value and benefit to all the readers.”
Manoj Mittal, Deputy Managing Director, SIDBI said, “The initiative is a part of SIDBI’s continuous endeavour to make MSMEs realize their inherent potential in the light of the latest industry and market trends as well as emerging opportunities. The report attempts to provide insights to the policymakers, bankers and other stakeholders including MSMEs drawing upon analysis of granular cluster level data. Over time this report will emerge as an important reference point for all the collaborators and help in contributing even more for the development of the MSME ecosystem.”