Q. Why should the Bank take up this work of technology upgradation ?
A. Technology upgradation, a national priority, is needed for :
- planned growth of Indian Industry
- preventing obsolescence
- enhancing global competitiveness and exports
- energy conservation
* As India's premier Bank, SBI have a responsibility to contribute to this process.
* This need is particularly seen in the small and medium scale industrial sector, which do not have adequate resources.
* SBI always have a special interest in SSI sector in which our investment is very large.
* An innovative value-addition to credit dispensation.
* This activity would help improve the quality of SBI assets; be a strategic support to SBI's efforts to reduce non-performing assets.
Q. What special advantages / capability do you have to take this up?
A.
* SBI closeness to SSI customer : through long funding experience.
* SBIs Consultancy capability - Officials in Consultancy are Engineers/MBAs/Science/Post Graduates trained in management consultancy
* SBIs liaising capability - to identify and work with experts/R&D institutions.
* Unlike other agencies/consultants, SBI can offer a comprehensive package :-
a) Consultancy
b) Knowing the customer through day-to-day interactions, to tailor-make a technology scheme for him and draw up a business plan appropriate to his capability, market and environment, and
c) Also fund the project and help implement it
* A wide network of branches with officials experienced in SSI to back this up.
Q. What do you do under this Project?
A. The Project is location and industry specific as designed now SBI selects an industry cluster, which has
- a number of similar units in one location (for easy administration)
- potential for quick technological upgradation
- a supporting environment (knowledgeable industrialists, technical institutions around etc.)
- a growth potential
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