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India to set up SME business clusters in CLMV countries

Related Keywords: boost manufacturing capabilities, FICCI Banking, focus on the European . asset acquisition, India to promote, investment in CLMV countries, offer cost rationalization, set up SME business clusters, through EXIM bank of India

India to promote investment in CLMV countries like Cambodia, Laos, Myanmar and Vietnam as well as offer cost rationalization will be setting up business clusters for small-medium scale industries. This is the new thrust of the government through EXIM Bank of India.

Under a cluster based approach, the country will be setting up clusters of small-medium enterprises not only in India but outside as well, said bank chairman and managing director Yaduvendra Mathur during the FICCI Banking Conclave here.

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