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President Message
Rise of China as the dominant producer of manufactured goods at a formidable scale, has posed challenges for manufacturers around the world, in the last two decades. Indian manufacturers especially MSMEs bore the brunt in many sectors including electronics, light engineering, house hold appliances etc. But as a result of inherent resilience and timely policy interventions, much of MSME manufacturing has stayed put. The oft-repeated narrative of India’s “manufacturing failure” rests on a partial reading of the data. Manufacturing’s share in GDP has appeared stagnant not because the sector has under-performed, but because India’s GDP has expanded at an extraordinary pace, piggy backing on the stupendous success of the services sector — averaging 8.6% annual real growth over the past quarter-century (excluding the Covid year). In absolute terms, manufacturing has grown steadily, with MSMEs forming its backbone. Over the last decade, sectors such as auto components, pharmaceuticals, electronics, textiles, food processing and engineering goods have seen capacity expansion, technology adoption, and deeper integration into domestic and global value chains. MSME-led exports have shown resilience, with engineering goods, chemicals, pharma, apparel, and processed foods contributing substantially to India’s export basket. The defense manufacturing ecosystem — once almost entirely import-dependent — now features a growing number of MSMEs supplying components, sub-systems and precision engineering to DPSUs, private primes and even export markets. Production-linked incentives, defense indigenization lists, public procurement reforms, and the opening of new markets have begun to change the structure of manufacturing itself. The task ahead is not to lament imaginary failures, but to build on these gains by improving productivity, easing compliance, expanding access to finance and technology, and enabling MSMEs to scale in a services-led but manufacturing-capable economy.
FISME organized an informative webinar on 2nd December 2025, to raise awareness among MSMEs about the regulatory and compliance impact of India’s new Labour Codes. These reforms have merged 29 existing labour laws into four simplified codes, aiming to streamline compliance while introducing new regulatory considerations. The session highlighted simplification benefits as well as potential compliance challenges for MSMEs.
Expert insights were shared by Advocate Mukesh Saxena, representatives from WeVaad, and specialists from SS Rana & Co, enabling participants to better understand forthcoming obligations and regulatory readiness.
The 10th SAMWAD of ‘Friends of MSMEs in Parliament’ was convened to deliberate on key issues impacting Micro, Small and Medium Enterprises (MSMEs) on 4 December 2025, including the newly notified Labour Codes, proposals for the Union Budget 2026-27, and transformative next-generation reforms. The discussion was chaired by MP Shankar Lalwani (Indore), with former MP Rajendra Agrawal (Meerut) serving as the convener. ‘Friends of MSMEs in Parliament’ is a forum of parliamentarians working for the MSME cause, with FISME serving as the secretariat.
The deliberations highlighted the importance of coordinated policies, regulatory simplification, and targeted financial and technological support to strengthen MSME competitiveness, promote formalisation, and drive sectoral growth.
In 2026, the goal isn’t nonstop improvement. It’s building sustainability, resilience and a healthier, happier, more productive you. Over the past year, I’ve deepened many of these routines and noticed more energy, strength and joy. At 49, I’m the healthiest and fittest I’ve ever been, and that says a lot coming from someone who used to race triathlons and Ironman. Muscle is longevity currency. It supports your metabolism, hormones and confidence. As we age, resistance training is the single most effective way to stay strong, mobile and injury-free. Muscle also keeps your metabolism active, your hormones balanced and your body resilient as you age.
A closer look at the data reveals that India’s manufacturing story is far stronger — and more misunderstood — than critics claim. The sceptics often assert that India has “failed to develop a robust manufacturing sector", citing the fact that manufacturing’s share of GDP has stagnated. That share has failed to rise primarily because of the dynamism of India’s services sector, which has grown at an average annual pace of 8.6 per cent in real terms over the past quarter-century (excluding the Covid year). Manufacturing has failed to grow as rapidly as services (which account for over half of GDP), but India is the world’s second-largest producer of steel, aluminium and cement,..
The Federation of Indian Export Organisations (FIEO) has welcomed the strong performance of India’s exports in November, citing official trade data that point to robust growth in merchandise and services exports and a sharp contraction in the trade deficit. Commenting on the latest figures released by the Ministry of Commerce and Industry, FIEO President S. C. Ralhan said the data reflect the resilience and competitiveness of Indian exporters amid ongoing global economic and geopolitical uncertainties.
India's wholesale price index (WPI)-based inflation remained in the negative zone in the month of November 2025 but increased to (-) 0.32% from (-) 1.21% in the previous month, as per official data released on Monday. The uptick in WPI inflation in November this year was primarily on account of rise in prices of food articles like pulses and vegetables on a month-on-month basis. "Negative rate of inflation in November, 2025 is primarily due to decrease in prices of food articles, mineral oils, crude petroleum & natural gas, manufacture of basic metals and electricity etc," Ministry of Commerce and Industry said in a press release.
The Union Cabinet chaired by Prime Minister Narendra Modi has cleared the decks for 100% foreign direct investment (FDI) in the insurance sector by giving its nod for the Bill seeking to completely open the sector, multiple media reports said. In line with an earlier announcement by Finance Minister Nirmala Sitharaman in her Budget 2025 speech, the Bill has proposed amendments to various provisions of the Insurance Act, 1938, including raising FDI in the insurance sector to 100%.
The Ministry of Micro, Small and Medium Enterprises (MSME) has outlined the objectives, services and performance of its Export Facilitation Centres (EFCs), including those operating in Visakhapatnam, Andhra Pradesh, in response to a question raised in Rajya Sabha. Minister of State for MSMEs, Shobha Karandlaje, said the Ministry has established 65 Export Facilitation Centres across its field offices nationwide to provide mentoring and handholding support to MSMEs seeking to enter or expand in export markets.
The Government of India, through the Bureau of Indian Standards (BIS), Department of Consumer Affairs, is phase wise implementing Quality Control Orders (QCOs) while providing exemptions/relaxations for Micro, Small and Medium Enterprises (MSMEs) to ensure domestic production is not disrupted. This information was provided by the Minister of State for Micro, Small and Medium Enterprises, Shobha Karandlaje, in a written reply to the Lok Sabha.
Ministries and departments are stepping up efforts to decriminalise around 300-400 provisions across various laws as part of the government’s push to replace jail terms for minor offences with monetary penalties and enable faster, non-litigious compliance. The objective is to reduce criminal liability for procedural or minor violations and make the regulatory environment more business-friendly. The Jan Vishwas (Amendment of Provisions) Bill 2.0, introduced earlier this year, seeks to decriminalise 288 provisions across multiple laws. The Bill has been referred to a Select Committee of Parliament, which is currently examining the proposed changes, reported TOI.
The Supreme Court has clarified that under the Insolvency and Bankruptcy Code (IBC), a 'pre-existing dispute' capable of blocking the initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 must be genuine, substantive, and supported by credible evidence, not a superficial or fabricated defence raised to delay proceedings. A Bench of Justices Sanjay Kumar and Alok Aradhe ruled against the Corporate Debtor (CD), which tried to block CIRP by alleging quality defects in pipes and cables despite acknowledging liability and paying Rs 61 lakh after the Section 8 notice. The Court found no evidence to support the claim, calling the defence ‘mere moonshine.’
Minister of State for Steel Bhupathiraju Srinivasa Varma, in response to a parliamentary question, provided an overview of steel production capacity in Odisha and outlined national policy measures supporting the sector. Odisha’s integrated steel plants (ISPs) have a combined production capacity of 33.78 million tonnes (MT) for FY 2025–26. Other steel producers in the state contribute an additional 6.15 million tonnes.
TVS Industrial & Logistics Parks (TVS ILP) on Wednesday said it has signed a Memorandum of Understanding (MoU) with the Government of Telangana to acquire 20 acres of land to develop a tech-enabled logistics and industrial park in the state. Dr. Ramnath Subramaniam, Joint Managing Director, TVS ILP, and Sanjay Kumar, Special Chief Secretary, Industries & Commerce Department, Government of Telangana signed the agreement in the presence of state Chief Minister Revanth Reddy.
The Ministry of Rural Development has approved 25 road projects totalling 65.38 km under the Road Connectivity component of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) in Tripura, with an estimated investment of Rs. 68.67 crore. The Ministry in a release said that the initiative aims to provide all-weather road connectivity to 30 habitations of Particularly Vulnerable Tribal Groups (PVTGs) in the state. The projects are expected to improve the socio-economic conditions of the PVTGs by enhancing access to essential services such as healthcare, education, and markets.
Uttar Pradesh will scale up its flagship One District One Product (ODOP) initiative with the launch of ODOP 2.0 and a new One District One Cuisine programme, Chief Minister Yogi Adityanath announced on Friday while reviewing the scheme’s progress. He said ODOP has become a defining pillar of Brand UP, generating employment, supporting local enterprises, and significantly boosting the state’s export profile. Adityanath said the second phase will prioritise enterprises that demonstrated strong performance in the first phase, enabling their expansion and strengthening their access to markets.
Union Commerce and Industry Minister Piyush Goyal chaired the India–Italy Business Forum with Italian Deputy Prime Minister Antonio Tajani. This marked a significant milestone in strengthening bilateral economic ties and expanding industrial cooperation between the two nations. The discussions focused on enhancing trade, improving supply chain resilience, and accelerating partnerships in clean mobility, green energy, advanced manufacturing, and food processing. Both sides emphasised scaling technology collaborations and creating new investment pathways. The Forum featured discussion on emerging technologies, innovation models, and investment opportunities across automotives, waste-to-energy and renewables, sports technologies and sports textiles, and agri-food.
NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has partnered with ACLEDA Bank Plc of Cambodia to enable Indian travellers to make QR code-based payments in the Southeast Asian country.
Similarly, Cambodian travellers will also be able to make payments by scanning QR codes in India.
ACLEDA Bank has been nominated as the operator for Cambodia’s national QR network, Bakong (KHQR) by National Bank of Cambodia and will work with NIPL to enable Unified Payments Interface (UPI) acceptance across Cambodia and KHQR acceptance across India.
What is your overall opinion of the New Labour Codes as a reform measure?
According to the FISME factor, 40% of MSMEs have a positive opinion of the New Labour Codes as a reform measure, while 50% hold a neutral view and 10% cannot say.
Should technical certifications be valued more than traditional degrees in hiring?
As industries evolve and technology redefines roles faster than traditional education can adapt, the question shifts from credentials to capability. The debate between valuing technical certifications versus traditional degrees in hiring is gaining momentum. With skills becoming obsolete at unprecedented speeds and new roles emerging overnight, organisations are questioning whether a four-year degree still holds the same weight it once did—or whether focused, practical certifications offer a more accurate measure of job readiness.
What MSMEs must not ignore in raising funds and managing finance
Credit and finance for MSMEs: Managing finance could be as tough as raising it and small business owners often struggle in both. According to multiple market studies, the lack of access to affordable finance is among the key reasons small businesses fail to survive or grow. While every lender and business is distinct and hence there can’t be a perfect formula to ensure access to credit and manage it smartly, it generally comes down to the promoter’s ability to repay the amount and win the lender’s confidence.
Empowering small businesses: Power of hyper-local marketing in India
In the ever-evolving landscape of businesses in India, staying relevant and competitive is paramount for small businesses. One strategy that has emerged as a game-changer is hyper-local marketing. This approach is tailored to the local community, offering personalised solutions and enabling customisation of mindsets that not only boost sales but also allow hyper-local businesses to occupy an easily acceptable mind space for consumers fostering strong customer loyalty.
Removing Cotton Import Duty Can Boost Industry Confidence Amid US Tariff Uncertainty
The Confederation of Indian Textile Industry (CITI) has called on the government to remove the 11 per cent import duty on all varieties of cotton, arguing that the move is essential to safeguard the global competitiveness of India’s textile and apparel sector amid mounting external and domestic pressures.
Sisir Radar raises $7M to develop private L-band SAR satellite
Indian space and defence technology startup Sisir Radar has raised $7 million in a Series A funding round led by 360 ONE Asset, with participation from Shastra VC.
The company plans to use the funding to develop and launch India’s first privately built L-band Synthetic Aperture Radar (SAR) satellite, targeted for launch by 2026. The satellite is being designed and engineered in India and is intended to provide high-resolution, all-weather imagery for applications including defence, disaster response, environmental monitoring and urban planning.
Renewable energy company Soleos Solar said it raised $12 million in a funding round led by GVFL, which saw the venture capital firm investing $2.5 million in the company.
The round also saw participation from financial services conglomerate Tipsons Group, Navin Dalmia, and select family offices, along with commitments from other existing investors. According to the company, the newly raised capital will be used to expand its development pipeline fund construction across priority geographies, strengthen investor governance systems, scale group-captive and consumer-led energy models, and build integrated solar and storage capability.
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released the Consumer Price Index (CPI) numbers on base 2012=100 for Rural, Urban and Combined for the month of November, 2025
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
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Rise of China as the dominant producer of manufactured goods at a formidable scale, has posed challenges for manufacturers around the world, in the last two decades. Indian manufacturers especially MSMEs bore the brunt in many sectors including electronics, light engineering, house hold appliances etc. But as a result of inherent resilience and timely policy interventions, much of MSME manufacturing has stayed put. The oft-repeated narrative of India’s “manufacturing failure” rests on a partial reading of the data. Manufacturing’s share in GDP has appeared stagnant not because the sector has under-performed, but because India’s GDP has expanded at an extraordinary pace, piggy backing on the stupendous success of the services sector — averaging 8.6% annual real growth over the past quarter-century (excluding the Covid year). In absolute terms, manufacturing has grown steadily, with MSMEs forming its backbone. Over the last decade, sectors such as auto components, pharmaceuticals, electronics, textiles, food processing and engineering goods have seen capacity expansion, technology adoption, and deeper integration into domestic and global value chains. MSME-led exports have shown resilience, with engineering goods, chemicals, pharma, apparel, and processed foods contributing substantially to India’s export basket. The defense manufacturing ecosystem — once almost entirely import-dependent — now features a growing number of MSMEs supplying components, sub-systems and precision engineering to DPSUs, private primes and even export markets. Production-linked incentives, defense indigenization lists, public procurement reforms, and the opening of new markets have begun to change the structure of manufacturing itself. The task ahead is not to lament imaginary failures, but to build on these gains by improving productivity, easing compliance, expanding access to finance and technology, and enabling MSMEs to scale in a services-led but manufacturing-capable economy.
FISME organized an informative webinar on 2nd December 2025, to raise awareness among MSMEs about the regulatory and compliance impact of India’s new Labour Codes. These reforms have merged 29 existing labour laws into four simplified codes, aiming to streamline compliance while introducing new regulatory considerations. The session highlighted simplification benefits as well as potential compliance challenges for MSMEs.
Expert insights were shared by Advocate Mukesh Saxena, representatives from WeVaad, and specialists from SS Rana & Co, enabling participants to better understand forthcoming obligations and regulatory readiness.
The 10th SAMWAD of ‘Friends of MSMEs in Parliament’ was convened to deliberate on key issues impacting Micro, Small and Medium Enterprises (MSMEs) on 4 December 2025, including the newly notified Labour Codes, proposals for the Union Budget 2026-27, and transformative next-generation reforms. The discussion was chaired by MP Shankar Lalwani (Indore), with former MP Rajendra Agrawal (Meerut) serving as the convener. ‘Friends of MSMEs in Parliament’ is a forum of parliamentarians working for the MSME cause, with FISME serving as the secretariat.
The deliberations highlighted the importance of coordinated policies, regulatory simplification, and targeted financial and technological support to strengthen MSME competitiveness, promote formalisation, and drive sectoral growth.
In 2026, the goal isn’t nonstop improvement. It’s building sustainability, resilience and a healthier, happier, more productive you. Over the past year, I’ve deepened many of these routines and noticed more energy, strength and joy. At 49, I’m the healthiest and fittest I’ve ever been, and that says a lot coming from someone who used to race triathlons and Ironman. Muscle is longevity currency. It supports your metabolism, hormones and confidence. As we age, resistance training is the single most effective way to stay strong, mobile and injury-free. Muscle also keeps your metabolism active, your hormones balanced and your body resilient as you age.
The Federation of Indian Export Organisations (FIEO) has welcomed the strong performance of India’s exports in November, citing official trade data that point to robust growth in merchandise and services exports and a sharp contraction in the trade deficit. Commenting on the latest figures released by the Ministry of Commerce and Industry, FIEO President S. C. Ralhan said the data reflect the resilience and competitiveness of Indian exporters amid ongoing global economic and geopolitical uncertainties.
India's wholesale price index (WPI)-based inflation remained in the negative zone in the month of November 2025 but increased to (-) 0.32% from (-) 1.21% in the previous month, as per official data released on Monday. The uptick in WPI inflation in November this year was primarily on account of rise in prices of food articles like pulses and vegetables on a month-on-month basis. "Negative rate of inflation in November, 2025 is primarily due to decrease in prices of food articles, mineral oils, crude petroleum & natural gas, manufacture of basic metals and electricity etc," Ministry of Commerce and Industry said in a press release.
The Union Cabinet chaired by Prime Minister Narendra Modi has cleared the decks for 100% foreign direct investment (FDI) in the insurance sector by giving its nod for the Bill seeking to completely open the sector, multiple media reports said. In line with an earlier announcement by Finance Minister Nirmala Sitharaman in her Budget 2025 speech, the Bill has proposed amendments to various provisions of the Insurance Act, 1938, including raising FDI in the insurance sector to 100%.
The Ministry of Micro, Small and Medium Enterprises (MSME) has outlined the objectives, services and performance of its Export Facilitation Centres (EFCs), including those operating in Visakhapatnam, Andhra Pradesh, in response to a question raised in Rajya Sabha. Minister of State for MSMEs, Shobha Karandlaje, said the Ministry has established 65 Export Facilitation Centres across its field offices nationwide to provide mentoring and handholding support to MSMEs seeking to enter or expand in export markets.
The Government of India, through the Bureau of Indian Standards (BIS), Department of Consumer Affairs, is phase wise implementing Quality Control Orders (QCOs) while providing exemptions/relaxations for Micro, Small and Medium Enterprises (MSMEs) to ensure domestic production is not disrupted. This information was provided by the Minister of State for Micro, Small and Medium Enterprises, Shobha Karandlaje, in a written reply to the Lok Sabha.
Ministries and departments are stepping up efforts to decriminalise around 300-400 provisions across various laws as part of the government’s push to replace jail terms for minor offences with monetary penalties and enable faster, non-litigious compliance. The objective is to reduce criminal liability for procedural or minor violations and make the regulatory environment more business-friendly. The Jan Vishwas (Amendment of Provisions) Bill 2.0, introduced earlier this year, seeks to decriminalise 288 provisions across multiple laws. The Bill has been referred to a Select Committee of Parliament, which is currently examining the proposed changes, reported TOI.
The Supreme Court has clarified that under the Insolvency and Bankruptcy Code (IBC), a 'pre-existing dispute' capable of blocking the initiation of a Corporate Insolvency Resolution Process (CIRP) under Section 9 must be genuine, substantive, and supported by credible evidence, not a superficial or fabricated defence raised to delay proceedings. A Bench of Justices Sanjay Kumar and Alok Aradhe ruled against the Corporate Debtor (CD), which tried to block CIRP by alleging quality defects in pipes and cables despite acknowledging liability and paying Rs 61 lakh after the Section 8 notice. The Court found no evidence to support the claim, calling the defence ‘mere moonshine.’
Minister of State for Steel Bhupathiraju Srinivasa Varma, in response to a parliamentary question, provided an overview of steel production capacity in Odisha and outlined national policy measures supporting the sector. Odisha’s integrated steel plants (ISPs) have a combined production capacity of 33.78 million tonnes (MT) for FY 2025–26. Other steel producers in the state contribute an additional 6.15 million tonnes.
TVS Industrial & Logistics Parks (TVS ILP) on Wednesday said it has signed a Memorandum of Understanding (MoU) with the Government of Telangana to acquire 20 acres of land to develop a tech-enabled logistics and industrial park in the state. Dr. Ramnath Subramaniam, Joint Managing Director, TVS ILP, and Sanjay Kumar, Special Chief Secretary, Industries & Commerce Department, Government of Telangana signed the agreement in the presence of state Chief Minister Revanth Reddy.
The Ministry of Rural Development has approved 25 road projects totalling 65.38 km under the Road Connectivity component of the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) in Tripura, with an estimated investment of Rs. 68.67 crore. The Ministry in a release said that the initiative aims to provide all-weather road connectivity to 30 habitations of Particularly Vulnerable Tribal Groups (PVTGs) in the state. The projects are expected to improve the socio-economic conditions of the PVTGs by enhancing access to essential services such as healthcare, education, and markets.
Uttar Pradesh will scale up its flagship One District One Product (ODOP) initiative with the launch of ODOP 2.0 and a new One District One Cuisine programme, Chief Minister Yogi Adityanath announced on Friday while reviewing the scheme’s progress. He said ODOP has become a defining pillar of Brand UP, generating employment, supporting local enterprises, and significantly boosting the state’s export profile. Adityanath said the second phase will prioritise enterprises that demonstrated strong performance in the first phase, enabling their expansion and strengthening their access to markets.
Union Commerce and Industry Minister Piyush Goyal chaired the India–Italy Business Forum with Italian Deputy Prime Minister Antonio Tajani. This marked a significant milestone in strengthening bilateral economic ties and expanding industrial cooperation between the two nations. The discussions focused on enhancing trade, improving supply chain resilience, and accelerating partnerships in clean mobility, green energy, advanced manufacturing, and food processing. Both sides emphasised scaling technology collaborations and creating new investment pathways. The Forum featured discussion on emerging technologies, innovation models, and investment opportunities across automotives, waste-to-energy and renewables, sports technologies and sports textiles, and agri-food.
NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has partnered with ACLEDA Bank Plc of Cambodia to enable Indian travellers to make QR code-based payments in the Southeast Asian country.
Similarly, Cambodian travellers will also be able to make payments by scanning QR codes in India.
ACLEDA Bank has been nominated as the operator for Cambodia’s national QR network, Bakong (KHQR) by National Bank of Cambodia and will work with NIPL to enable Unified Payments Interface (UPI) acceptance across Cambodia and KHQR acceptance across India.
According to the FISME factor, 40% of MSMEs have a positive opinion of the New Labour Codes as a reform measure, while 50% hold a neutral view and 10% cannot say. 
As industries evolve and technology redefines roles faster than traditional education can adapt, the question shifts from credentials to capability. The debate between valuing technical certifications versus traditional degrees in hiring is gaining momentum. With skills becoming obsolete at unprecedented speeds and new roles emerging overnight, organisations are questioning whether a four-year degree still holds the same weight it once did—or whether focused, practical certifications offer a more accurate measure of job readiness.
Credit and finance for MSMEs: Managing finance could be as tough as raising it and small business owners often struggle in both. According to multiple market studies, the lack of access to affordable finance is among the key reasons small businesses fail to survive or grow. While every lender and business is distinct and hence there can’t be a perfect formula to ensure access to credit and manage it smartly, it generally comes down to the promoter’s ability to repay the amount and win the lender’s confidence.
In the ever-evolving landscape of businesses in India, staying relevant and competitive is paramount for small businesses. One strategy that has emerged as a game-changer is hyper-local marketing. This approach is tailored to the local community, offering personalised solutions and enabling customisation of mindsets that not only boost sales but also allow hyper-local businesses to occupy an easily acceptable mind space for consumers fostering strong customer loyalty.
The Confederation of Indian Textile Industry (CITI) has called on the government to remove the 11 per cent import duty on all varieties of cotton, arguing that the move is essential to safeguard the global competitiveness of India’s textile and apparel sector amid mounting external and domestic pressures.
Indian space and defence technology startup Sisir Radar has raised $7 million in a Series A funding round led by 360 ONE Asset, with participation from Shastra VC.
The company plans to use the funding to develop and launch India’s first privately built L-band Synthetic Aperture Radar (SAR) satellite, targeted for launch by 2026. The satellite is being designed and engineered in India and is intended to provide high-resolution, all-weather imagery for applications including defence, disaster response, environmental monitoring and urban planning.
Renewable energy company Soleos Solar said it raised $12 million in a funding round led by GVFL, which saw the venture capital firm investing $2.5 million in the company.
The round also saw participation from financial services conglomerate Tipsons Group, Navin Dalmia, and select family offices, along with commitments from other existing investors. According to the company, the newly raised capital will be used to expand its development pipeline fund construction across priority geographies, strengthen investor governance systems, scale group-captive and consumer-led energy models, and build integrated solar and storage capability.
“ If you want excellence, you must aim at perfection. It has its drawbacks but being finicky is essential. ”
