IL&FS to launch portal for SMEs of textile and apparel sector

IL&FS (Industrial Leasing and Financial Services) plans to launch an e-platform to bring multiple SMEs together and link them with financing agencies, financial advisors and technology and marketing consultants.
Besides, the platform 'Enterprise Development Services"' will also allow the SMEs to connect with tax and legal advisors, IL&FS Group said in a circular to Tirupur Exporters' Association (TEA).
An SME would be able to access services as per its requirement, pick, choose and pay, it said.
The platform would be well equipped to provide up-to-date information and in-depth analysis on policy, market, model project reports, training videos on entrepreneurship and basic subjects,which would be of interest to existing SMEs and aspiring entrepreneurs, TEA General Secretary, B Shanmughasundaram said quoting the circular.

IL&FS Cluster Development Initiative Ltd (IL&FS Clusters) is a subsidiary of IL&FS Group and has been established to develop solutions for SMEs, through a cluster-based approach.
They help SMEs as also large industries in setting up cluster-based infrastructure projects like industrial parks and have been working with textile and apparel industry for past 10 years, he said.
IL&FS plans to initially launch this portal for textile and apparel sector and wants to discuss with the industry to get proper feedback and inputs before designing and structuring their solution, he said.
In this connection a meeting has been organised on March 18, with TEA members for their suggestions and advise, he added.