YES BANK & YES Global Institute sign charter with EEPC India to mentor Indian MSMEs to scale-up
Dehradun, July 7, 2018: YES BANK, India’s fourth largest private sector bank, & YES Global Institute (a practicing think thank at YES BANK) join hands with EEPC India to mentor MSME businesses in India, with special focus on Uttarakhand and help scale up operations & become globally competitive.
This unique partnership between YES BANK, YES Global Institute & EEPC India aims to provide innovative banking & knowledge solutions to MSMEs which goes beyond the traditional field of banking. The partnership will look at upskilling entrepreneurs on latest digital technologies, best practices and quality standards with the idea of bringing them on the same platform as their international counterparts. The partnership will also enable policy advocacy with key stakeholders like academia, Chambers of Commerce, Government(s), Local Authorities and public bodies on various policies that can transform the MSME sector in India as a growth driver for the economy.
Ms. Kamna Raj Aggarwalla, Regional Chairperson (NR), EEPC India (on right) unveiled the YES BANK-EEPC charter with YES BANK officials
Speaking on the partnership, Mr. Rana Kapoor, MD & CEO, YES BANK said, “The MSME sector has immense potential to be an employment multiplier for India’s youth. It will be of paramount importance to foster skill development and entrepreneurship amongst MSMEs to bring them into the industrial ecosystem. YES BANK is committed to working closely with EEPC India to handhold Indian MSMEs scale-up and become globally competitive to meaningfully complement the ‘Make in India’ strategy of our Government.”
Ms. Kamna Raj Aggarwalla, Regional Chairperson (NR), EEPC India said, “Understanding our social responsibility is now the need of the hour in India. Each individual and organisation must contribute to skilling and enhancement of learning to make India a super power of tomorrow. I am really glad that YES BANK is partnering with EEPC in helping exporters expand their vision and knowledge. This will go a long way in promoting exports of engineering goods India.”
YES BANK has been working closely with MSMEs across India to handhold them in scaling up operations to become globally competitive, under its flagship MSME initiative ‘Say YES to Sustainable MSMEs in India’. Since its launch in FY 14-15, the initiative has impacted over 21,000 MSMEs and benefitted more than 50,000 workers across 14 states and 17 sectors. As a part of this initiative, the bank launched ‘YES GST program’ last year, to help MSMEs understand the impact of changes and prepare them for migration to the new GST tax system. Besides these, YES BANK recently launched MSME ‘Scale-Up’ series, a unique Industry-Academia collaboration, to up-skill MSMEs from Tier 2 and Tier 3 cities.
About YES Global Institute
YES Global Institute, the practicing think tank at YES BANK, has been established to focus on actualizing India’s sustainable and inclusive socioeconomic growth and development through research & financing in emerging sunrise sectors. Headquartered in New Delhi, India – YES Global Institute conducts research on areas impacting India’s socioeconomic development, including taxation, health-care, education, economic security, energy and natural resources to name a few. Towards the same, YES Global Institute is driving discourse on concepts such as cultural industries, innovation districts, impact of digitization, natural capital & channelizing private capital for holistic development through dialogue facilitation, knowledge creation, skill development and extensive stakeholder engagement.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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