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	<title>SME Archives - NRI News</title>
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	<title>SME Archives - NRI News</title>
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	<item>
		<title>Chrysalis Entrepreneur Forum Achieves Guinness World Record with Largest Box Cricket Tournament for SMEs</title>
		<link>https://nrinews24x7.com/chrysalis-entrepreneur-forum-achieves-guinness-world-record-with-largest-box-cricket-tournament-for-smes/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 18 Feb 2026 01:54:39 +0000</pubDate>
				<category><![CDATA[Regional]]></category>
		<category><![CDATA[Box]]></category>
		<category><![CDATA[Cricket]]></category>
		<category><![CDATA[Guinness]]></category>
		<category><![CDATA[Record]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[Tournament]]></category>
		<category><![CDATA[World]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180404</guid>

					<description><![CDATA[<p>PUNE: The Chrysalis Entrepreneur Forum (CEF) etched its name into global sporting history by achieving a Guinness World Record for the World’s Largest Box Cricket Tournament on 15 February 2026 in Pune. This remarkable achievement marks the creation of a new Guinness title, as no prior world record existed for box cricket anywhere in the [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/chrysalis-entrepreneur-forum-achieves-guinness-world-record-with-largest-box-cricket-tournament-for-smes/">Chrysalis Entrepreneur Forum Achieves Guinness World Record with Largest Box Cricket Tournament for SMEs</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p><strong>PUNE:</strong> The Chrysalis Entrepreneur Forum (CEF) etched its name into global sporting history by achieving a Guinness World Record for the World’s Largest Box Cricket Tournament on 15 February 2026 in Pune. This remarkable achievement marks the creation of a new Guinness title, as no prior world record existed for box cricket anywhere in the world.</p>



<p>The record-setting journey began with the formal inauguration of the Chrysalis SME League on 3 February 2026 at Bavdhan, Pune, signalling the commencement of what would become the largest box cricket tournament ever conducted.</p>



<p>The league brought together 66 teams, each comprising 11 unique players, with a total participation of 726 employees. What truly set this initiative apart was its composition &#8211; every team consisted entirely of employees from Small and Medium Enterprises (SMEs). Collectively, the tournament represented 30+ industries across Pune, Mumbai, and surrounding regions, celebrating the people who form the true backbone of India’s economy.</p>



<p>Founded in 2012, the Chrysalis Entrepreneur Forum has grown from a close-knit group of 15 entrepreneurs into a thriving community of over 1,500 entrepreneurs across diverse industries. The forum is chaired by Manish Gupta, whose vision has consistently translated bold ideas into large-scale movements that unite entrepreneurs and their teams.</p>



<p>Under Mr. Gupta’s leadership, this milestone marks CEF’s third world record. The forum earlier achieved a Limca Book of Records recognition in Skydiving (2014) and a Guinness World Records title in Scuba Diving. The Chrysalis SME League is CEF’s first land-based Guinness World Record, using box cricket as a powerful unifying platform to create collective impact.</p>



<p>The Guinness World Record certificate was awarded by Mr. Pravin Patel, Senior Official Adjudicator from Guinness World Records and a retired engineer from the Royal British Air Force, after rigorous scrutiny of the entire tournament. The Guinness guidelines laid down for the record were extremely stringent, and the forum adhered to them with uncompromising discipline.</p>



<p>Addressing the gathering, <strong>Mr. Patel</strong> said: “<em>The Forum has shown great discipline and enthusiasm in conducting a tournament of this scale. The minimum requirement for this world record is 500 participants, and the forum has successfully achieved it with 726. Guinness World Records exists to felicitate outstanding human effort, and this tournament is a true showcase of that—mobilising more than 75 organisations, 726 participants, and 135 matches played over 13 days from morning till late night. Indeed, a herculean task undertaken by the Chrysalis Entrepreneur Forum</em>.”</p>



<p>The Guinness certificate was received by Manish Gupta, Chairman &#8211; Chrysalis Entrepreneur Forum, along with Rachna Gupta (Founder) and Vidisha Kukreja, Vice President. Chrysalis Business Solutions Pvt Ltd.</p>



<p>Beyond the record, the Chrysalis SME League served as a powerful platform for team bonding and organisational culture building. It offered employees a moment to recognise and feel grateful that their entrepreneurs and business leaders are investing in them—not just through resources, but through time, trust, and shared experiences.</p>



<p>The core objective of this world record attempt was to celebrate employees and strengthen organisational culture, using sport as a medium to build connection, energy, and team spirit beyond the workplace.</p>



<p>Reaffirming its belief that entrepreneurship is a key driver of societal progress, the Chrysalis Entrepreneur Forum proudly reiterated its motto: “It’s Great to Be an Entrepreneur.”</p>



<p>The successful completion of this historic record stands as a moment of pride for all participants—many of whom will forever carry the distinction of being part of a Guinness World Record—made possible through Mr. Gupta’s vision and the collective commitment of entrepreneurs who chose to invest in their teams.</p>
<p>The post <a href="https://nrinews24x7.com/chrysalis-entrepreneur-forum-achieves-guinness-world-record-with-largest-box-cricket-tournament-for-smes/">Chrysalis Entrepreneur Forum Achieves Guinness World Record with Largest Box Cricket Tournament for SMEs</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>FedEx is Transforming Shipping Strategies for Pune-Chinchwad SMEs</title>
		<link>https://nrinews24x7.com/fedex-is-transforming-shipping-strategies-for-pune-chinchwad-smes/</link>
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		<dc:creator><![CDATA[Bharat Bureau]]></dc:creator>
		<pubDate>Thu, 15 May 2025 01:50:18 +0000</pubDate>
				<category><![CDATA[Regional]]></category>
		<category><![CDATA[Chinchwad]]></category>
		<category><![CDATA[pune]]></category>
		<category><![CDATA[shipping]]></category>
		<category><![CDATA[SME]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177760</guid>

					<description><![CDATA[<p>PCHINCHWAD: Federal Express Corporation (“FedEx”), the world’s largest express transportation company, is empowering Pune-Chinchwad’s small and medium enterprises (SMEs) to scale innovative ideas and reach global markets through its SME Connect series—an initiative bringing tailored logistics, digital tools, and strategic insights to emerging business hubs. “As SMEs accelerate their ambitions, we’re matching that pace with [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/fedex-is-transforming-shipping-strategies-for-pune-chinchwad-smes/">FedEx is Transforming Shipping Strategies for Pune-Chinchwad SMEs</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p><strong>PCHINCHWAD:</strong> Federal Express Corporation (“FedEx”), the world’s largest express transportation company, is empowering Pune-Chinchwad’s small and medium enterprises (SMEs) to scale innovative ideas and reach global markets through its SME Connect series—an initiative bringing tailored logistics, digital tools, and strategic insights to emerging business hubs.</p>



<p>“<em>As SMEs accelerate their ambitions, we’re matching that pace with smarter solutions, stronger infrastructure, and deeper engagement</em>,” said <strong>Nitin Navneet Tatiwala, vice president of marketing, customer experience, and air network, Middle East, Indian Subcontinent, and Africa (MEISA), FedEx</strong>. “<em>Through our SME Connect platform, we’re delivering more than packages—we’re enabling aspirations for SMEs to compete on the global stage</em>.”</p>



<p>Launched in 2019, <em>SME Connect</em> has evolved from a knowledge-sharing forum into a dynamic advocacy platform. In FY25, FedEx introduced new formats—<em>SAMPARK</em>, <em>ANUBHAV</em>, and <em>MANTRA</em>—to engage businesses in a more personalized way, aligned to their lifecycle and sectoral challenges, and connect them to global opportunities to thrive in this digital age. These efforts also support national programs like <em>Invest India</em> and the Directorate General of Foreign Trade’s One District One Product (ODOP) and District Export Hub (DEH) initiatives, promoting regional export hubs and sector-specific growth in cities like Pune-Chinchwad. To date, SME Connect has engaged over 5,000 SME customers and prospects through 58 editions held across 55 cities in India.</p>



<p>FedEx connects Pune-Chinchwad entrepreneurs to international markets through its robust network, now featuring 23 weekly flights in and out of India.</p>



<ul class="wp-block-list">
<li><em>FedEx International Priority®: </em>Critical shipments reach key markets in 2–3 business days. *</li>



<li><em>FedEx International Connect Plus® (FICP):</em> Affordable international e-commerce shipping across 14 AMEA markets, delivering in 1–3 days. *</li>
</ul>



<p>Furthermore, FedEx is investing in digital intelligence to help SMEs in Pune-Chinchwad simplify operations and improve end-to-end shipment visibility.</p>



<ul class="wp-block-list">
<li>The <a href="https://www.fedex.com/en-in/customs-tools/fedex-import-tool.html">FedEx Import Tool</a><em> (FiT)</em> streamlines imports with real-time tracking, digital documentation, and proactive alerts.</li>



<li><a href="https://www.fedex.com/en-in/shipping/delivery-manager.html">FedEx® Delivery Manager International</a><em> (FDMi)</em> gives customers the flexibility to manage delivery preferences.</li>



<li><a href="https://www.fedex.com/en-in/shipping-tools/online-shipping.html">FedEx Ship Manager<img src="https://s.w.org/images/core/emoji/17.0.2/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /></a> automates label generation and paperwork, while the <a href="https://www.fedex.com/en-in/customs-tools/electronic-with-originals.html"><em>Electronic With Originals</em></a> feature speeds up customs clearance with digital submissions.</li>



<li><a href="https://www.fedex.com/en-in/shipping/one-stop-shop.html"><em>FedEx One-Stop Shop</em></a><em> (FOSS)</em> simplifies logistics by integrating FedEx Express and FedEx Logistics services into a single, user-friendly platform.</li>
</ul>



<p>FedEx remains committed to powering the ambitions of India’s SMEs by combining global capabilities with local insights. As seen in its recent digital brand film with Chennai Super Kings, which <a href="https://www.youtube.com/watch?v=3-I0v4WtxyU">celebrates bold business dreams</a>, FedEx is championing the spirit of out-of-the-box thinking and helping entrepreneurs turn those ideas into global success stories.</p>



<p>For more information, visit the <a href="https://www.fedex.com/en-in/home.html">FedEx shipping service site</a>.</p>



<p class="has-small-font-size">*Transit times vary by origin and destination. For full details, please refer to the get <a href="https://www.fedex.com/en-in/online/rating.html">rates and transit time</a> page.</p>
<p>The post <a href="https://nrinews24x7.com/fedex-is-transforming-shipping-strategies-for-pune-chinchwad-smes/">FedEx is Transforming Shipping Strategies for Pune-Chinchwad SMEs</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Tally Solutions Unveils TallyPrime 6.0 for SMEs with Innovative Connected Banking</title>
		<link>https://nrinews24x7.com/tally-solutions-unveils-tallyprime-6-0-for-smes-with-innovative-connected-banking/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 14 May 2025 17:09:34 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Account]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[SME]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177686</guid>

					<description><![CDATA[<p>Integrations with Leading Banks Such as Axis Bank, Kotak Mahindra Bank, and a Host of Tools for Simplified Financial Management BENGALURU: Tally Solutions Pvt Ltd, India’s leading business automation software provider, introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via a Connected [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/tally-solutions-unveils-tallyprime-6-0-for-smes-with-innovative-connected-banking/">Tally Solutions Unveils TallyPrime 6.0 for SMEs with Innovative Connected Banking</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="has-text-align-center" style="font-size:24px"><em>Integrations with Leading Banks Such as Axis Bank, Kotak Mahindra Bank, and a Host of Tools for Simplified Financial Management</em></p>



<p><strong>BENGALURU:</strong> Tally Solutions Pvt Ltd, India’s leading business automation software provider, introduces its latest release, TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via a <strong>Connected Banking</strong> experience. This advanced upgrade revolutionizes bank reconciliation, banking automation, and financial management for businesses and accountants. Building on its expertise in delivering connected services such as e-invoicing, e-way bill generation, and GST compliance, Tally takes another significant step towards empowering SMEs with integrated banking capabilities. This new release reinforces Tally’s commitment to connecting businesses with their ecosystems and enabling them to operate with unparalleled simplicity.</p>



<p>Keeping with its vision of making the business network seamless, TallyPrime’s Connected Banking feature takes integration to the next level by bringing banks inside Tally. Unifying accounting and banking into a single system, with secure login and real-time connectivity through partnerships with Axis Bank and Kotak Mahindra Bank. Users can access live bank balances and transaction updates directly within the platform, ensuring they always have the most updated information and insights about their working capital, empowering businesses to make smarter financial decisions. With the ability to process payments, instantly reconcile transactions, and monitor bank balances within Tally, businesses can stay agile, optimize resources, and maintain full control over their financial operations.</p>



<p>While launching TallyPrime 6.0,<strong> Tejas Goenka, Managing Director, Tally Solutions</strong>, said, “<em>Our mission has always been to build technology that helps simplify business operations for SMEs. With TallyPrime 6.0, we’re addressing a critical need by integrating banking directly within the Tally platform, empowering businesses to focus on growth and innovation without the distraction of operational complexities, enabling them to save 30-50% of their time. This release comes with multiple other features like enhanced bank reconciliation, working capital optimization through financial institution linkages, further strengthening the existing capabilities of GST compliance with connected e-invoicing and e-way bill generation.”</em></p>



<p>TallyPrime’s smart bank reconciliation transforms how SMEs and accountants manage their books by seamlessly aligning financial records with banking transactions. Enabling faster reconciliation, timely account finalization for audits, and real-time operational insights—all within a unified, intuitive platform. Additionally, the integration of UPI payments and payment links simplifies collections, ensuring smoother cash flow.</p>



<p>Commenting on the launch,<strong> Neeraj Gambhir, Group Executive &amp; Head &#8211; Treasury, Markets &amp; Wholesale Banking Products, Axis Bank</strong> said,<strong> </strong><em>&#8220;Axis Bank has always been at the forefront of innovation by introducing pioneering solutions for its customers for a seamless banking experience. We are committed to empowering</em> our SME clients by integrating technology into financial solutions. The SME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements. With this ‘connected banking solution’, customers can integrate their bank accounts<em> inside TallyPrime and streamline their banking operations by improving efficiency and agility in financial decision-making. This initiative is a continuation of our ongoing efforts to significantly enhance the digital experience of our clients.&#8221;</em></p>



<p>Security remains a cornerstone of TallyPrime 6.0, incorporating end-to-end encryption, multi-layered access controls, and real-time fraud detection to ensure safe banking transactions.  This launch reaffirms the company’s commitment to ensuring the complete security and privacy of its customers’ financial data.</p>



<p>Tally continues to enhance business management with advanced technology, offering a seamless and holistic experience through TallyPrime 6.0. From connected GST and e-invoicing to WhatsApp-based alerts (WABA), cloud access, and integrated financing, Tally empowers businesses with simplified, efficient, and connected solutions for smoother operations.</p>
<p>The post <a href="https://nrinews24x7.com/tally-solutions-unveils-tallyprime-6-0-for-smes-with-innovative-connected-banking/">Tally Solutions Unveils TallyPrime 6.0 for SMEs with Innovative Connected Banking</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>EMPOWERING TÜRKIYE&#8217;S ECONOMIC FUTURE: ICD AND AKLEASE LAUNCH EUR 13.65 MILLION PRIVATE SECTOR FINANCING INITIATIVE</title>
		<link>https://nrinews24x7.com/empowering-turkiyes-economic-future-icd-and-aklease-launch-eur-13-65-million-private-sector-financing-initiative/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 13 Jun 2024 13:23:13 +0000</pubDate>
				<category><![CDATA[International Business]]></category>
		<category><![CDATA[AKLEASE]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[ICD]]></category>
		<category><![CDATA[Launch]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[TURKIYE]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=172804</guid>

					<description><![CDATA[<p>ICD and AK Finansal Kiralama A.Ş. Join Forces to Fuel SME Growth and Innovation in Türkiye JEDDAH, SAUDI ARABIA: The Islamic Corporation for the Development of the Private Sector (ICD) and Ak Finansal Kiralama A.Ş. (AKLease) have entered a landmark agreement to bolster economic growth in Türkiye. This new EUR 13.65 million Commodity Murabaha Facility [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/empowering-turkiyes-economic-future-icd-and-aklease-launch-eur-13-65-million-private-sector-financing-initiative/">EMPOWERING TÜRKIYE&#8217;S ECONOMIC FUTURE: ICD AND AKLEASE LAUNCH EUR 13.65 MILLION PRIVATE SECTOR FINANCING INITIATIVE</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center" style="font-size:24px"><em>ICD and AK Finansal Kiralama A.Ş. Join Forces to Fuel SME Growth and Innovation in Türkiye</em></p>



<p><strong>JEDDAH, SAUDI ARABIA:</strong> The Islamic Corporation for the Development of the Private Sector (ICD) and Ak Finansal Kiralama A.Ş. (AKLease) have entered a landmark agreement to bolster economic growth in Türkiye. This new EUR 13.65 million Commodity Murabaha Facility is designed to support private sector projects, focusing on small and medium-sized enterprises (SMEs).</p>



<p>This strategic partnership highlights ICD&#8217;s dedication to fostering private sector development within its member countries. The facility provided by ICD will enable AKLease to fund a range of private sector projects, empowering entrepreneurs to launch and scale ventures that will significantly impact Türkiye&#8217;s economy.</p>



<p>AKLease, a subsidiary of Akbank and a prominent player in Türkiye’s financial leasing market, will leverage this facility to extend financial support to eligible projects. The collaboration is a testament to AKLease&#8217;s commitment to driving national development through innovative and long-term leasing solutions.</p>



<p><strong>Key Highlights of the Agreement:</strong></p>



<ul class="wp-block-list">
<li><strong>Funding Amount:</strong> EUR 13.65 Million</li>



<li><strong>Target Sector:</strong> Private sector projects, especially SMEs</li>



<li><strong>Objective:</strong> Enhance the SME landscape in Türkiye by providing essential resources for business growth and development</li>



<li><strong>Strategic Alignment:</strong> Supports ICD’s Private Sector Channel Development Strategy</li>
</ul>



<p>The agreement underscores the critical role of private-sector financing in economic development. The initiative will help bridge funding gaps for SMEs by facilitating access to financial resources, driving innovation and fostering a more robust and diverse economy.</p>
<p>The post <a href="https://nrinews24x7.com/empowering-turkiyes-economic-future-icd-and-aklease-launch-eur-13-65-million-private-sector-financing-initiative/">EMPOWERING TÜRKIYE&#8217;S ECONOMIC FUTURE: ICD AND AKLEASE LAUNCH EUR 13.65 MILLION PRIVATE SECTOR FINANCING INITIATIVE</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Sustainability-Related Information Enables Better Business For SMEs States New Guide From ACCA</title>
		<link>https://nrinews24x7.com/sustainability-related-information-enables-better-business-for-smes-states-new-guide-from-acca/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 04 Jun 2024 11:40:12 +0000</pubDate>
				<category><![CDATA[Environment and Bio Friendly]]></category>
		<category><![CDATA[ACCA]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Guide]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[sustainable]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=172564</guid>

					<description><![CDATA[<p>Creating and using sustainability-related information supports SMEs to survive and thrive through better business. Professional accountants are integral to helping SMEs access the enablers of this better business. MUMBAI: A new guide from ACCA (the Association of Chartered Certified Accountants) recognizes the vital role SMEs play in the value chains of all organizations globally. Entitled [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/sustainability-related-information-enables-better-business-for-smes-states-new-guide-from-acca/">Sustainability-Related Information Enables Better Business For SMEs States New Guide From ACCA</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center" style="font-size:24px"><em>Creating and using sustainability-related information supports SMEs to survive and thrive through better business. Professional accountants are integral to helping SMEs access the enablers of this better business.</em></p>



<p><strong>MUMBAI</strong>: A new guide from ACCA (the Association of Chartered Certified Accountants) recognizes the vital role SMEs play in the value chains of all organizations globally. Entitled ‘Sustainability reporting – SME guide’, it supports them in creating the sustainability-related information that regulators and stakeholders increasingly demand.</p>



<p><strong>Sundeep Jakahar, head of public affairs – India at ACCA</strong> said: “<em>In India, where SMEs constitute a significant portion of the business landscape, the adoption of sustainability practices is crucial. SMEs in India face unique challenges such as limited access to resources and capital. However, sustainability reporting can unlock numerous benefits for them, including access to new markets and better financing opportunities. For Indian SMEs, this could mean improved competitiveness on a global scale, aligning with international standards and expectations</em>.”</p>



<p>Report co-author Sharon Machado, head of sustainable business at ACCA commented: “The creation and use of sustainability-related information helps SMEs, their advisers and stakeholders to see and take advantage of their opportunities and manage their risks. This will put SMEs in a much stronger position financially – making it easier to attract investment and obtain preferential terms of trade with suppliers. In the battle for talent, it will help them recruit and retain high-caliber employees.”</p>



<p>As the demand for sustainability-related information increases, all organizations must be ready to provide information related to their approach and progress in managing sustainability-related risks and opportunities. This demand extends beyond the organization to its value chain and comes from regulators, investors, and many other stakeholders. SMEs are in scope because they comprise 90% of all organizations globally, and so is an essential part of the value chain.</p>



<p>The enablers to better business that result from communicating and using sustainability-related information may help SMEs gain new competitive advantage.</p>



<p>Report co-author Aaron Saw, head of corporate reporting insights – financial at ACCA, said: “Although SMEs may consider these demands challenging, especially at times of significant financial pressure, evidence suggests the effort is justified. Therefore, we encourage all SMEs to take small first steps and do what’s possible in communicating sustainability-related information with a view of becoming better businesses.”</p>



<p>The guide is the latest installment in a series of sustainability reporting guides from ACCA. Read the guide <a href="http://www.accaglobal.com/gb/en/professional-insights/global-profession/sustainability-reporting/sme-guide.html" target="_blank" rel="noreferrer noopener">here</a> and visit our sustainability reporting hub <a href="https://www.accaglobal.com/uk/en/professional-insights/global-profession/sustainability-reporting.html" target="_blank" rel="noreferrer noopener">here</a>.</p>
<p>The post <a href="https://nrinews24x7.com/sustainability-related-information-enables-better-business-for-smes-states-new-guide-from-acca/">Sustainability-Related Information Enables Better Business For SMEs States New Guide From ACCA</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>ICD And JSC Ziraat Bank Uzbekistan Collaborate To Boost The Private Sector In Uzbekistan</title>
		<link>https://nrinews24x7.com/icd-and-jsc-ziraat-bank-uzbekistan-collaborate-to-boost-the-private-sector-in-uzbekistan/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 09 May 2024 13:36:29 +0000</pubDate>
				<category><![CDATA[International]]></category>
		<category><![CDATA[Bank]]></category>
		<category><![CDATA[Boost]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Fund]]></category>
		<category><![CDATA[ICD]]></category>
		<category><![CDATA[Islamic]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[Uzbekistan]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=172370</guid>

					<description><![CDATA[<p>TASHKENT, UZBEKISTAN: At the 3rd Tashkent Investment Forum, the Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan, formalized an expression of intent to partner to collaborate in empowering small and medium-sized enterprises (SMEs) and fostering economic growth in Uzbekistan. Through this partnership, ICD will provide JSC Ziraat Bank [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/icd-and-jsc-ziraat-bank-uzbekistan-collaborate-to-boost-the-private-sector-in-uzbekistan/">ICD And JSC Ziraat Bank Uzbekistan Collaborate To Boost The Private Sector In Uzbekistan</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<ul class="wp-block-list">
<li><em>ICD and Ziraat Bank Uzbekistan signed an Expression of Intent for the USD 10 million Line of Financing Facility aimed at supporting eligible private sector projects in Uzbekistan.</em></li>



<li><em> </em><em>This agreement initiates a partnership between ICD and JSC Ziraat Bank Uzbekistan, reflecting ICD’s strategic commitment to bolstering private sector growth within its member nations.</em></li>
</ul>



<p><strong>TASHKENT, UZBEKISTAN:</strong> At the 3<sup>rd</sup> Tashkent Investment Forum, the Islamic Corporation for the Development of the Private Sector (ICD) and JSC Ziraat Bank Uzbekistan, formalized an expression of intent to partner to collaborate in empowering small and medium-sized enterprises (SMEs) and fostering economic growth in Uzbekistan.</p>



<p>Through this partnership, ICD will provide JSC Ziraat Bank Uzbekistan with a Line of Financing (LoF) facility, to fund private sector projects as an agent of ICD. This initiative is poised to significantly boost the SME landscape in Uzbekistan by equipping entrepreneurs with the necessary resources to initiate and grow projects that meaningfully contribute to the national economy.</p>



<p>Ziraat Bank Uzbekistan, now a strategic partner for ICD, stands out as a prominent commercial bank with foreign capital. The new LoF facility not only marks the commencement of collaboration between the two entities but also underscores ICD’s dedication to advancing the private sector within its member countries, further solidifying its role in spurring economic development across the Islamic world.</p>



<p></p>
<p>The post <a href="https://nrinews24x7.com/icd-and-jsc-ziraat-bank-uzbekistan-collaborate-to-boost-the-private-sector-in-uzbekistan/">ICD And JSC Ziraat Bank Uzbekistan Collaborate To Boost The Private Sector In Uzbekistan</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>The Future of Amusement Unfolds at IAAPI Expo 2024 in Mumbai</title>
		<link>https://nrinews24x7.com/the-future-of-amusement-unfolds-at-iaapi-expo-2024-in-mumbai/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Mon, 29 Jan 2024 09:33:51 +0000</pubDate>
				<category><![CDATA[Games]]></category>
		<category><![CDATA[Amusement]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Creatrivity]]></category>
		<category><![CDATA[entertainment]]></category>
		<category><![CDATA[Expo]]></category>
		<category><![CDATA[games]]></category>
		<category><![CDATA[IAAPI]]></category>
		<category><![CDATA[park]]></category>
		<category><![CDATA[Platform]]></category>
		<category><![CDATA[SME]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=170378</guid>

					<description><![CDATA[<p>KOLKATTA: The Indian Association of Amusement Parks and Industries (IAAPI) proudly announces its flagship exhibition, the 22nd IAAPI Amusement Expo, scheduled from 27th to 29th February 2024 at the Bombay Exhibition Centre, Mumbai. The exhibition is supported by the Ministry of Tourism and the Ministry of MSME, Government of India. This exposition is a testament [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/the-future-of-amusement-unfolds-at-iaapi-expo-2024-in-mumbai/">The Future of Amusement Unfolds at IAAPI Expo 2024 in Mumbai</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>KOLKATTA:</strong> The Indian Association of Amusement Parks and Industries (IAAPI) proudly announces its flagship exhibition, the 22nd IAAPI Amusement Expo, scheduled from 27th to 29th February 2024 at the Bombay Exhibition Centre, Mumbai. The exhibition is supported by the Ministry of Tourism and the Ministry of MSME, Government of India.</p>



<p>This exposition is a testament to the burgeoning Amusement, Leisure, and Entertainment industry in India. Building on the immense success of the IAAPI Expo from earlier years, this year&#8217;s event promises to be a grander affair, bringing together industry leaders, innovators, and stakeholders under one roof. The Expo serves as a critical platform for showcasing cutting-edge products, services, and technologies, marking it as a hub of creativity and business opportunities.</p>



<p><strong>Why Attend IAAPI Amusement Expo 2024:</strong></p>



<p><strong>Largest Participation: </strong>the expo will witness over 165 exhibitors from India and 35 overseas companies from<strong> – </strong>Australia, Bulgaria, Canada, China, Dubai (UAE), Germany, Hong Kong, Italy, Liechtenstein, Philippines, Russia, Singapore, United Kingdom, and the USA.</p>



<p><strong>Concurrent events: &#8211;</strong>IAC Connect (conference), Networking Evening, Business Excellence Award, Training Programme on the sides of the expo.</p>



<p><strong>Unparalleled Networking</strong>: Engage with decision-makers from Amusement Parks, Theme Parks, Water Parks, and Family Entertainment Centres.</p>



<p><strong>Showcase and Innovation:</strong>&nbsp;Launch new products, explore joint ventures, and witness the latest industry trends.</p>



<p><strong>Expert Insights:</strong>&nbsp;Participate in discussions on vital industry issues and learn from the experiences of industry stalwarts.</p>



<p>Reflecting on the industry&#8217;s growth, Mr Srikanth Goenka Chairman, IAAPI stated, &#8220;The Indian amusement sector, with its significant growth potential, is an exciting space for innovation and development. The IAAPI Expo 2024 is not just an expo but a catalyst for new opportunities and collaborations.</p>



<p>IAAPI Chairman for the amusement expo, Mr. ND Rana said that the Indian amusement park industry is still in its infancy, and has enormous growth potential. IAAPI aims to bring together members of the industry across India to help contribute to this ever-growing market. This year the show floor area will cross over one Lakh sq. ft of area. So far, we have already received a great response this year, receiving thousands of participation requests and registrations from delegates across the country, who are looking to meet, network, and learn from the leading players and vendors in the space.</p>



<p>IAAPI, established in 1999, has been a pivotal force in shaping the amusement and entertainment industry in India. With over 500 members, including SMEs, park operators, and equipment manufacturers, it serves as the voice and advocate for the sector&#8217;s advancement.</p>



<p>Join us at IAAPI Expo 2024 to experience the evolution of India&#8217;s amusement industry and to be part of its future.</p>



<p>For participation details and more information, visit:&nbsp;<a href="https://www.iaapi.org/about-expo-2024.php" target="_blank" rel="noreferrer noopener">https://www.iaapi.org/about-expo-2024.php</a></p>
<p>The post <a href="https://nrinews24x7.com/the-future-of-amusement-unfolds-at-iaapi-expo-2024-in-mumbai/">The Future of Amusement Unfolds at IAAPI Expo 2024 in Mumbai</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>CRISIL&#8217;s November 2023 Outlook on Near-Term Rates</title>
		<link>https://nrinews24x7.com/crisils-november-2023-outlook-on-near-term-rates/</link>
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		<dc:creator><![CDATA[Editorial Desk]]></dc:creator>
		<pubDate>Wed, 15 Nov 2023 07:23:53 +0000</pubDate>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Analytics]]></category>
		<category><![CDATA[ESG]]></category>
		<category><![CDATA[G-sec]]></category>
		<category><![CDATA[OMO]]></category>
		<category><![CDATA[outlook]]></category>
		<category><![CDATA[Platform]]></category>
		<category><![CDATA[RBI]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[term rates]]></category>
		<category><![CDATA[UST]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=168910</guid>

					<description><![CDATA[<p>INDIA: CRISIL, an S&#38;P Global Company, has released its November 2023 outlook on interest rates. The report covers factors influencing the outlook, including the yield on the new 10-year benchmark government security, US treasury yields, and crude oil prices. The report also includes analytical contacts as well as information on CRISIL&#8217;s data and analytics platforms, [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/crisils-november-2023-outlook-on-near-term-rates/">CRISIL&#8217;s November 2023 Outlook on Near-Term Rates</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>INDIA:</strong> CRISIL, an S&amp;P Global Company, has released its November 2023 outlook on interest rates. The report covers factors influencing the outlook, including the yield on the new 10-year benchmark government security, US treasury yields, and crude oil prices. The report also includes analytical contacts as well as information on CRISIL&#8217;s data and analytics platforms, ESG scores, company reports, and SME gradings.</p>



<p>According to the report, the yield on the new 10-year benchmark government security (G-sec;7.18% GS 2033) opened October at 7.23% and closed at 7.35%, up 14 bps from its September closing of 7.21% and outside CRISIL&#8217;s forecast range of 7.23-7.33%. In the first week, bonds traded largely with a negative bias due to a surge in US Treasury (UST) yields and crude oil prices. In addition, the Reserve Bank of India (RBI) hinted at open market operations (OMO) sales in the future to manage liquidity in the market. This led the yield on the 10-year benchmark G-sec to harden by 14-15 bps. The domestic 10-year benchmark yield closed the week at 7.34%.</p>



<p>The second week started on a negative note, tracking a surge in crude oil prices amid geopolitical tensions in the Middle East and due to likely OMO sales. India&#8217;s retail inflation printed at a three-month low of 5.02% in September on the back of softer vegetable prices. However, as the week progressed, the bond market witnessed a softening in yields due to a decline in UST yields. The 10-year benchmark yield slipped and closed the week at 7.32%.</p>



<p>The report also includes information on CRISIL&#8217;s data and analytics platforms, including Alphatrax and Quantix, which enable clients to assess industry and company-level risks based on CRISIL&#8217;s proprietary models. CRISIL ESG Scores help benchmark companies based on their inherent ESG risk using public domain information and a proprietary framework. The company reports, which combine select financial and non-financial data, analytics from CRISIL&#8217;s proprietary risk models, and commentary on a company&#8217;s financial performance, are used by commercial banks, financial institutions, and non-banking finance companies as part of their credit/risk management process. CRISIL&#8217;s SME Gradings, used by lenders, assess the creditworthiness of SME enterprises relative to their peers leveraging CRISIL&#8217;s proprietary grading model.</p>



<h3 class="wp-block-heading"><strong>Insights from CRISIL Market Intelligence and Analytics November 15, 2023</strong>.</h3>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img fetchpriority="high" decoding="async" width="640" height="280" src="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_001.jpg" alt="CRISIL Market Intelligence and Analytics |15 November 2023" class="wp-image-168911" style="width:890px;height:auto" srcset="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_001.jpg 640w, https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_001-300x131.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
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<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" width="640" height="283" src="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003.jpg" alt="CRISIL Market Intelligence and Analytics |15 November 2023" class="wp-image-168913" style="width:856px;height:auto" srcset="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003.jpg 640w, https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003-300x133.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
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<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img decoding="async" width="640" height="283" src="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003.jpg" alt="CRISIL Market Intelligence and Analytics |15 November 2023" class="wp-image-168913" style="width:874px;height:auto" srcset="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003.jpg 640w, https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_003-300x133.jpg 300w" sizes="(max-width: 640px) 100vw, 640px" /></figure>
</div>

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="640" height="269" src="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_002.jpg" alt="CRISIL Market Intelligence and Analytics |15 November 2023" class="wp-image-168912" style="width:904px;height:auto" srcset="https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_002.jpg 640w, https://nrinews24x7.com/wp-content/uploads/2023/11/CRISIL_NRINEWS24x7_2023_1115_002-300x126.jpg 300w" sizes="auto, (max-width: 640px) 100vw, 640px" /></figure>
</div>


<p>The report also includes a privacy statement and analyst disclosure, as well as company disclosure information. CRISIL Research does not provide investment banking or merchant banking or brokerage or market-making services. The company encourages independence in research report preparation and strives to minimize conflict in the preparation of research reports through a strong governance architecture comprising of policies, procedures, and disclosures. CRISIL Research prohibits its analysts, persons reporting to analysts, and their relatives from having any financial interest in the securities or derivatives of companies that the analysts cover. CRISIL Research or its associates collectively may own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report. CRISIL Research or its associates may have a financial interest in the form of holdings in the subject company mentioned in this report.</p>
<p>The post <a href="https://nrinews24x7.com/crisils-november-2023-outlook-on-near-term-rates/">CRISIL&#8217;s November 2023 Outlook on Near-Term Rates</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Global SME Finance Forum 2023 Kicks Off in Mumbai with Focus on Digital Ecosystems and Future of SME Finance</title>
		<link>https://nrinews24x7.com/global-sme-finance-forum-2023-kicks-off-in-mumbai-with-focus-on-digital-ecosystems-and-future-of-sme-finance/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Sat, 16 Sep 2023 13:43:33 +0000</pubDate>
				<category><![CDATA[National Business]]></category>
		<category><![CDATA[Digital]]></category>
		<category><![CDATA[ecosystem]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Forum]]></category>
		<category><![CDATA[MSME]]></category>
		<category><![CDATA[SME]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=167900</guid>

					<description><![CDATA[<p>MUMBAI: The Global SME Finance Forum 2023, a dynamic platform fostering SME financing, kicked off its three-day conference in Mumbai with a focus on digital ecosystems and the future of SME finance. The event is co-hosted by the Small Industries Development Bank of India (SIDBI) and the Indian Bank&#8217;s Association (IBA), with over 700 participants [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/global-sme-finance-forum-2023-kicks-off-in-mumbai-with-focus-on-digital-ecosystems-and-future-of-sme-finance/">Global SME Finance Forum 2023 Kicks Off in Mumbai with Focus on Digital Ecosystems and Future of SME Finance</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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										<content:encoded><![CDATA[
<p><strong>MUMBAI:</strong> The Global SME Finance Forum 2023, a dynamic platform fostering SME financing, kicked off its three-day conference in Mumbai with a focus on digital ecosystems and the future of SME finance. The event is co-hosted by the Small Industries Development Bank of India (SIDBI) and the Indian Bank&#8217;s Association (IBA), with over 700 participants from senior bankers, tech luminaries, and thought leaders from 70 countries and 250 institutions attending.</p>



<p><strong>Dr Bhagwat Karad</strong> highlighted that “<em>MSME plays a very important role in the development of the Indian economy. Currently, around 6.3 crore MSME enterprises are working in India and have generated around 11.1 crore employment opportunities. Around 30% of GDP comes from MSME and the growth rate every year is 10 percent. The government of India under the leadership of Hon’ble PM Narender Modi has been proactive in removing hurdles for the SME sector, and together with the banking sector, we strive to make financing easily accessible to fuel the growth of these vital enterprises</em>.”</p>



<p><strong>Nandan Nilekani, Co-founder and Chairman of the Board, of Infosys</strong>, said “<em>SMEs are the biggest beneficiaries of Digital Public Infrastructure (DPI). India is building public trails to access credit and market-benefiting SMEs. More than 50 million merchants are opting for a digital mode of payment. Digitization helped us generate a balance sheet quicker as all the financial details like invoices, transactions, and tax credits are easily accessible. Digitization also reduces the turnaround time to get loans. In the next 5 years, at least 50 countries are going to implement DPI</em>.”</p>



<p>The conference began with a panel discussion and keynote address by renowned speakers such as Mr. Makhtar Diop, Managing Director of International Finance Corporation (IFC), Mr. Nandan Nilekani, Co-Founder and Non-Executive Chairman of Infosys, and Mr. Sopnendu Mohanty, Chief Fintech Officer of Monetary Authority of Singapore, among others.</p>



<p>During the fireside chat session, Mr. Nilekani highlighted the benefits of Digital Public Infrastructure (DPI) for SMEs, while Mr. Dinesh Khara, Chairman of SBI, discussed the shift from collateral-based lending to data-based lending. Ms. Shalini Warrier, Executive Director of Federal Bank, emphasized the convenience of online payments through QR codes provided by UPI apps.</p>



<p><strong>Dinesh Khara, Chairman, of SBI,</strong> who joined virtually in the session titled Unlocking the potential of digital platforms for SME financing said, “<em>In the last ten years, we have witnessed a significant transformation in our bank. There has been a prominent shift from a collateral-based lending model to data-based lending, which has further assisted us in reducing the bank’s overall operational costs. Digitalization has also helped vendors make faster and more convenient payments, streamlining the MSME loan process. Additionally, digital platforms have been instrumental in catering to the needs of SME customers and creating value for them.</em>”</p>



<p><strong>Shalini Warrier, Executive Director, Federal Bank</strong> said during that same panel, &#8220;<em>In the past, banking operations were primarily conducted manually. However, in recent years, a significant evolution has occurred, with digital technology taking the lead in the sector. One of the notable advancements is the convenience of online payments through QR codes provided by UPI apps. Nowadays, a substantial portion of transactions occurs digitally on a daily basis, surpassing other traditional payment methods.</em>&#8220;</p>



<p>The conference also featured six SME finance innovators who demonstrated their technologies and explained their potential to change SME finance. The fintech invited to pitch were 360tf, Builder.ai, CredAble, ShopUp, Topicus, and Uplinq Financial Technologies.</p>



<p>Commenting on the Global SME Finance Forum 2023, <strong>Sivasubramanian Ramann, Chairman &amp; MD, SIDBI</strong>, said, “<em>I am grateful for the opportunity extended to SIDBI for hosting such a prestigious event that has witnessed tremendous participation of industry stakeholders across the world and encouraged discussions on very relevant issues and trends on the SME Sector. With India taking the presidency of the G20 for the first time, the country’s views, and outlook on the MSME sector are of significance for the world. The strides made by the Government of India in developing a robust digital infrastructure and the consequent digital innovation by various players in the MSME credit domain needs to be discussed, encouraged as also celebrated.</em>&#8220;</p>



<p><strong>Mr. Qamar Saleem, Incoming SME Finance Forum CEO</strong>, said, “<em>I am thrilled to see the level of participation and richness of discussions during the first day of Global SME Finance Forum here in Mumbai. We have more than 700 executives representing more than 70 countries and 250 institutions gathered here. It is also fitting that the event is hosted by India which is at the cutting edge of digital infrastructure and innovations steering SME finance. I am really excited as the event unfolds which will feature over 90 speakers across 15 panels, 10 study tours to leading institutions in India, our flagship SME finance annual awards, and brainstorming sessions on key thematic game-changing topics. It has been a privilege to partner with SIDBI, and IBA as cohosts, and SBI as Diamond sponsors to the event and we thank them for all their support. SME Finance Forum and IFC remain committed to supporting the private sector globally in playing a catalytical role to support SMEs as they drive economic growth and create jobs</em>”  </p>



<p>The Global SME Finance Forum 2023 is a knowledge center for data, research, and best practices in promoting SME finance, established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012. The International Finance Corporation (IFC) manages the initiative, operating a global membership network of +240 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.</p>
<p>The post <a href="https://nrinews24x7.com/global-sme-finance-forum-2023-kicks-off-in-mumbai-with-focus-on-digital-ecosystems-and-future-of-sme-finance/">Global SME Finance Forum 2023 Kicks Off in Mumbai with Focus on Digital Ecosystems and Future of SME Finance</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Winners of the FedEx/JA International Trade Challenge 2023 AMEA Finals Announced, Empowering the Next Generation of Entrepreneurs.</title>
		<link>https://nrinews24x7.com/winners-of-the-fedex-ja-international-trade-challenge-2023-amea-finals-announced-empowering-the-next-generation-of-entrepreneurs/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 24 Aug 2023 16:47:09 +0000</pubDate>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[AMEA]]></category>
		<category><![CDATA[CHALLENGE]]></category>
		<category><![CDATA[Generation]]></category>
		<category><![CDATA[ITC]]></category>
		<category><![CDATA[SME]]></category>
		<category><![CDATA[Trade]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=167535</guid>

					<description><![CDATA[<p>INDIA: FedEx Express, a subsidiary of FedEx Corp., and Junior Achievement (JA) Asia Pacific have announced the winners of the 17th annual FedEx/JA International Trade Challenge (ITC) finals. The competition saw close to 5,000 participants from 10 Asia, Middle East, and Africa (AMEA) markets compete for 60 places in the regional finals. The finalists presented [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/winners-of-the-fedex-ja-international-trade-challenge-2023-amea-finals-announced-empowering-the-next-generation-of-entrepreneurs/">Winners of the FedEx/JA International Trade Challenge 2023 AMEA Finals Announced, Empowering the Next Generation of Entrepreneurs.</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p><strong>INDIA:</strong> FedEx Express, a subsidiary of FedEx Corp., and Junior Achievement (JA) Asia Pacific have announced the winners of the 17th annual FedEx/JA International Trade Challenge (ITC) finals. The competition saw close to 5,000 participants from 10 Asia, Middle East, and Africa (AMEA) markets compete for 60 places in the regional finals. The finalists presented their ideas to a panel of distinguished judges following three days of intense competition held virtually from August 21 to 23.</p>



<p>This year, the student teams of two were tasked with creating a market entry strategy for a product to address sustainable delivery solutions with Poland being the target market. With growing discourse among consumers on how products affect the environment and the role corporations should play in shaping a sustainable future, the challenge was particularly relevant.</p>



<p>The winning team TAVI, comprised of Nguyen Ngoc Linh from Vietnam, and Napat Worrasangasilp from Thailand, was awarded for their bio-degradable corn starch packing product BUFFERPUFF, which helps companies reduce plastic wastes in their delivery process. Team SUSTAINOVATE including Tsaqif Ammar Sakti from Indonesia, and Jeongwoo Lee from South Korea, were named first runners-up for their eco-friendly packaging material &#8211; Flexiwrap made of upcycled memory foam to protect ceramic products during delivery. Lastly, Team CRESCO comprised of Itsuki Son from Japan and Elyshia Alodia Binarto from Indonesia were named second runners-up. Their idea EcoFlow &#8211; a durable and versatile bio-styrofoam made from locally sourced rick husks, helps companies reduce plastic usage and meet local regulatory requirements.</p>



<p><strong>Kawal Preet, president of the Asia Pacific, Middle East, and Africa (AMEA) region, FedEx Express</strong>, said, &#8220;<em>We are operating in a vastly different environment today. Businesses are balancing new opportunities brought by rapidly advancing technologies like AI with challenges posed not only by economic uncertainties but also by climate change. These fresh young minds bring disruptive and innovative solutions to real-world problems. Nurturing entrepreneurs has long been a key focus for us at FedEx. By providing the next generation entrepreneurs with the right platform and tools, we are providing experiences that will fuel the pipeline of creators, innovators, and future leaders for what&#8217;s next.</em>&#8220;</p>



<p>The FedEx/JA International Trade Challenge program is jointly organized by FedEx and JA Asia Pacific, a member of JA Worldwide. Nearly 45,000 students across AMEA have benefitted from this program in the last 17 years. This year, over 150 FedEx volunteers from 16 AMEA markets mentored the students. In addition to supporting young entrepreneurs through JA ITC, FedEx has been organizing the Small Business Grant Contest (SBGC) to support small and medium enterprises (SMEs) across AMEA.</p>



<p>The event was a meaningful platform for raising consciousness, and awareness on sustainability, and building deep beautiful human connections. The next generation definitely has a lot to offer and make a huge impact on our society.</p>



<p>Judges of the competition, comprised of entrepreneurs and business leaders, were impressed by the organization of the virtual competition and the efforts made by the students.</p>



<p>“It was very rewarding to be a judge for this event. The student presenters were very inspiring, and we all learned a lot from them.”<strong> &#8211; Asha Murphy, CEO, Edu-fy (Australia)</strong></p>



<p>“I feel very positive about the future and truly inspired by all of the youth that presented at the event.” –&nbsp;<strong>Antoinette Jackson, Founder and Creative Director, SuperBee (Thailand)</strong></p>



<p>“Very much enjoyed learning from each presentation &#8211; the passion was palpable! Well done all.” &#8211;&nbsp;<strong>Bobak Tavangar, CEO, Brilliant Labs (Singapore)</strong></p>



<p>“It is lovely to see young spirits coming up with a sustainable approach to day-to-day problems, showing that the future is bright and better.” –&nbsp;<strong>Biswadeep Ghosh, Founder, Mon Exports (India)</strong></p>



<p>“The ITC is a fantastic platform that facilitates the fostering of aspiring young leaders, refining their business acumen, and enhancing intuition to adeptly tackle future challenges. Guiding them in presentations brought immense joy and learning from these impressive young leaders!”<strong> &#8211; Calvin Ray, Consultant, Strategy &amp; Business Design, Monitor Deloitte South-east Asia (Indonesia)</strong></p>



<p>“Just look at this year’s ridiculously hot weather! Unfortunately, even though the younger generation is the least responsible for putting CO2 in the air or plastics in our oceans, we will have the most incentive to solve the environmental problems caused by the older generation. Let us weave eco-conscious choices into our lives and nurture nature’s gifts. Let’s protect the planet, embrace renewable energy, reduce waste, and foster harmony. Let us share a commitment to a greener, brighter tomorrow.”-&nbsp;<strong>Calvin Lai, Director of Otaku House (Singapore)</strong></p>



<p>“Truly honored to take part as a judging panel and in the development of the students from the 10 participating markets as they develop the plans, strategies, &amp; innovative delivery solutions for the topics given. The process walkthrough is step by step and I was able to have a very smooth experience from the orientation to the judging proper. Congratulations FedEx Express &amp; JA International Trade Challenge Asia Pacific Team!” <strong>&#8211; Christopher P. Cañadella, MBA-TEP, Chief Marketing Officer, LUNA Academy (Philippines)</strong></p>



<p>“It is refreshing to see how great the presentations were given the time pressure and the collaboration needed for this competition. I love their ideas, how they used technologies sizing the opportunities available, and creating a full plan to support their ideas. I feel more confident of our future knowing our young achievers are going to lead it.”<strong> &#8211; Dr. Donald Patrick Lim, COO &#8211; DITO CME Holdings Inc. (Philippines)</strong></p>



<p>“Being involved in this event, I’ve marveled at students crafting incredible plans. Their ingenuity and dedication reaffirm the limitless potential of young minds when given the opportunity.”<strong> &#8211; Ms Joanna Cantwell, Chief Development Officer, SolarBuddy (Australia)</strong></p>



<p>“Nurturing and investing both time and resources, in our youth today builds endless capacities that in turn can benefit all. Their vigor and enthusiasm along with a sense of altruism if allowed the space to explore have far-reaching effects. FedEx’s commitment to this year’s theme, focusing on sustainable Delivery Solutions, is truly commendable. It is an honor for me to witness the dynamic synergy of these young minds in action within this remarkable arena.”<strong> &#8211; Lani Choo, Director, LAANi &amp; U Pte Ltd (Singapore)</strong></p>



<p>“The event was very insightful as a judge for me as I learned about the different ideas that these participants have. Everyone gave a good presentation worth pondering as we aim to steer the world towards a sustainable future. Honored to be part of the judging rounds.”<strong> &#8211; Lim Yuet Kim, CEO and co-founder of PichaEats (Malaysia)</strong></p>



<p>“It was an absolute privilege to witness the exceptional talent and passion of these future leaders and change-makers. It served as a powerful reminder of the boundless potential that resides within every individual.”<strong>&nbsp;&#8211; Lyanne Park, CEO. TYKE Co. Ltd (Korea)</strong></p>



<p>“It was eye-opening, to see the Innovative ideas, passion, and commitment in the presentations. The next generation definitely has a lot to offer and make a huge impact on our society.”<strong> &#8211; Nikhil Rai, Senior Manager, Providence Healthcare (India)</strong></p>



<p>“This event is beyond competition… it is a meaningful platform for raising, consciousness, awareness on sustainability and building deep beautiful human connections.”<strong>&nbsp;&#8211; Dr Tan Po Li, Global Leadership Coach (Malaysia)</strong></p>



<p>“These students were amazing. They were able to grasp a complex challenge, collaborate, and create an innovative solution. Looking forward to seeing them grow into future leaders and innovators.”<strong> &#8211; Reno Rafly, CEO, Catalyst Global Consulting (Indonesia)</strong></p>
<p>The post <a href="https://nrinews24x7.com/winners-of-the-fedex-ja-international-trade-challenge-2023-amea-finals-announced-empowering-the-next-generation-of-entrepreneurs/">Winners of the FedEx/JA International Trade Challenge 2023 AMEA Finals Announced, Empowering the Next Generation of Entrepreneurs.</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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