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The World Bank Group has helped mobilise USD 36 billion in private capital for development in India over the past four years, including USD 9.6 billion for Micro, Small and Medium Enterprises (MSMEs), as it steps up efforts to spur private sector-led growth and job creation. Private capital mobilisation by the Group rose nearly five-fold to USD 14.5 billion in fiscal 2026 from about USD 3 billion in fiscal 2022, Manuel Reyes-Retana, IFC's division director for South Asia, said. The increase reflects growing investor interest in development-linked investments, with guarantees from the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) helping reduce investment risks and attract private funding, he said. Institutional investors are increasingly drawn to such instruments because they are familiar with the World Bank Group's underwriting standards and governance practices, Reyes-Retana said. "We are seeing a positive response from private ..
Adoption of emerging technologies offers significant opportunities for micro, small, and medium enterprises to enhance productivity, improve efficiency, strengthen resilience and develop new capabilities, MSME Joint Secretary Mercy Epao said on Saturday. Epao made the comments at the Delhi MSME Conclave organised by the Northern India Regional Council (NIRC) of the Institute of Cost Accountants of India (ICMAI). Set up in 1944, ICMAI is the largest cost and management accounting body in the world, with more than 6 lakh students and 1 lakh qualified professionals all over the globe. "The adoption of emerging technologies offers significant opportunities for MSMEs to enhance productivity, improve efficiency, strengthen resilience and develop new capabilities. For smaller enterprises in particular, affordable and accessible technology solutions can play an important role in supporting their transition towards more human-centric, sustainable and resilient production systems," Epao ...