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FM Sitharaman To Launch An Alternate Investment Fund Focused On Small And Mid-Sized Export-Oriented Companies
Swarajya StaffAug 20, 2021, 08:53 AM | Updated 08:53 AM IST
Nirmala Sitharaman (Source: Financial Express)
Union Finance Minister Nirmala Sitharaman is set to launch a Rs 250 crore alternate investment fund (AIF) which would focus on export-oriented small and mid-sized companies, reports Economic Times.
Named "Ubharte Sitaare", the fund will be launched tomorrow (21 August) and will also have a greenshoe option of Rs 250 crore. It is being jointly sponsored by the Exim Bank of India, and SIDBI.
It should be noted that the Exim Bank and SIDBI have together already developed a robust pipeline of over 100 potential proposals across a range of sectors, such as pharma, auto components, engineering solutions, agriculture and software.
