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Power2SME inks MoU with PHDCCI to empower MSMEs

The initiative is aimed at strengthening SMEs by providing them with the right opportunity, guidance and support from Power2SME and PHDCCI.

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Last Updated: Jan 09, 2020, 05.20 PM IST
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The MoU will also catalyze exchange of market knowledge between both parties, and enable both to service SMEs better for their raw material, finance, and other requirements.
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New Delhi: To boost the economic growth and development of PHDCCI affiliated MSMEs, Power2SME & PHD Chamber of Commerce & Industry (PHDCCI) have signed a Memorandum of Understanding (MoU).

As part of the arrangement, Power2SME will extend its enterprise grade solutions to members of PHDCCI which has a large network and agenda for MSMEs.

Additionally, the MoU will also catalyze exchange of market knowledge between both parties, and enable both to service SMEs better for their raw material, finance, and other requirements.

Speaking about the alliance, R Narayan, founder & CEO, Power2SME, said, in a statement, “The MoU between Power2SME and PHDCCI has been inked to drive our deep commitment towards the MSME players and create a positive impact with relevant solutions that address their business challenges. With a mutual aim to make MSMEs in India bankable, both Power2SME and PHDCCI will create a business friendly ecosystem for MSMEs to flourish and boost their contribution towards India’s GDP.”

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