The Foundation for MSME Clusters was founded in 2005 with the aim of fostering cluster-based development for Micro, Small, and Medium Enterprises (MSMEs) in India. The organization, established as a non-government, non-profit registered trust under the Entrepreneurship Development Institute of India (EDI), was initiated following a suggestion by the Ministry of Small Scale Industries, Government of India, and the United Nations Industrial Development Organisation (UNIDO).
The primary goal of the Foundation for MSME Clusters is to enhance the competitiveness of MSMEs, promote sustainable employment, and contribute to poverty alleviation. By focusing on cluster-based development, the foundation seeks to create a conducive environment for the growth of MSMEs, ultimately leading to socio-economic development.
While the specific details of the last investment and the involved investors are not currently available, the foundation's strategic alignment with the Indian government and its collaboration with a renowned international organization such as UNIDO underscore its potential for impactful development and innovative approaches to support the MSME sector.
Given the growing importance of MSMEs in driving economic growth and creating employment opportunities, the Foundation for MSME Clusters presents an intriguing investment prospect for venture capitalists keen on promoting sustainable development and economic inclusivity in India's dynamic business landscape.
There is no investment information
No recent news or press coverage available for Foundation for MSME Clusters.
We care about your data, and we'd love to use cookies make your experience better.
