TIFAC Launches Revolving Technology Fund For MSMEs
by Irfan Khan
Technology Information, Forecasting and Assessment Council(TIFAC) has set up a Rs30Cr 'Revolving Technology Innovation Fund' with SIDBI for funding MSMEs for development, up-scaling, demonstration and commercialization of innovative technology based projects. SIDBI will manage the fund on behalf of TIFAC.
The fund will provide capital asistance upto 80% of the total project cost, which should not be more than Rs1 Cr.
Singapore’s sizeable office real estate finance trust by value, the CapitaLand Commercial Trust Management Limited, is all set to buy remaining 60 percent stake in CapitaGreen - Office Space, for about S$393 million ($285 million) from its partners CapitaLand Ltd. and Mitsubishi Estate Asia Pte