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IL&FS has established an exclusive business unit called the
Cluster Development Initiative to address the infrastructure,
market access, technology and finance requirements of SMEs
through development of modern industrial clusters in textiles,
pharmaceutical, leather, light engineering, agro/food processing,s
crafts and other industry verticals across the country. IL&FS
has also been appointed as Project Management Consultant by
GoI to set up 25 integrated textile park clusters in the country
In particular, it has spearheaded the implementation of the
Tirupur Area Development Program where it has worked with
the Tirupur Exporters Association, the Government agencies
and other stakeholders, in addressing key infrastructure bottlenecks
The Indian manufacturing industry is characterised by the
predominance of Small and Medium Enterprises (SMEs) located
in clearly identifiable sector / product specific geographic
clusters. United Nations Industrial Development Organisation
(UNIDO) estimates that there are at least 388 such important
industrial clusters in the country covering the sectors such
as textiles, leather etc, which contribute a significant share
of the country’s employment and exports
A singular constraint faced by the SMEs in these clusters
has been lack of adequate and quality infrastructure, which
is adversely affecting industrial competitiveness. It is in
this
context that IL&FS has established an exclusive business
unit namely, Cluster Development Initiative (CDI), with the
primary objective of addressing the critical infrastructure
problems in SME industrial clusters on a commercially sustainable
basis
IL&FS, through Cluster Development Initiative, provides
a broad range of turnkey services. The scope of services to
be provided would include, inter alia:
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Developing appropriate institutional
and financial structures for efficient implementation
of the Project |
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Creating appropriate contractual structures
for layout, design, detailed engineering, preparation
of cost estimates of the infrastructure facilities, bid
documents, selection and appointment of contractors /
consulting firms for specific activities to ensure smooth
implementation of the project |
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Raising funding for implementation either
as public financed project/s or leveraging the budgetary
resources of the authority and government to attract private
capital in infrastructure project/s |
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Ensuring efficient utilisation of these
funds to create good quality infrastructure assets without
cost and time overruns |
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Assisting to obtain reimbursement of
Project specific funds and / or grants sanctioned by Central
and State Governments |
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Establishing sustainable systems and
contractual structures for effective operation and maintenance
of the Project |
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