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Major Indian bank to work with WMG to fund partnerships with Midlands' SMEs


WMG EXIM MOU caption in text below 

WMG, the global innovation specialist based at the University Of Warwick, is bringing together small businesses in the Midlands with partners in India to boost investment into the region. It has just signed an agreement with the Export-Import Bank of India (“EXIM INDIA”)  that promises to bring new opportunities and inward investment to Midlands’ Small and Medium Sized Enterprises (SMEs). 

EXIM India is one of India’s leading financial institutions and it is  fully owned by the Government of India.  It is looking at how it forms, and financially backs, new trade partnerships between SMEs in India and the UK and in particular the  Midlands.  

To that end it has signed  an agreement with global innovation specialists WMG at the University of Warwick to draw on  WMGs extensive experience and contacts with SMEs in the Midlands to help it bring about such new partnerships.  

The agreement brings a potential new source of funding available to local SMEs and will help them partner with low cost partner providers in India which can help Midlands companies  lower costs but still retain the knowledge  that would normally be lost if the whole work was outsourced.  Indian SMEs will be encouraged to invest in the region, thus creating new employment and trade opportunities.  

Picture of signing - click on thumbnail above or go to:


Caption for picture from left to right

Dr Mark Swift, WMG University of Warwick

Hon. Kamal Nath, Union Minister for Commerce and Industry, Government of India

Mr. A C Jose, Chairman, Coir Board, Ministry of Agro Rural Industry, Government of India

Mr. T C Venkat Subramanian, Chairman and Managing Director, Export-Import Bank of India

For further information please contact:
Zoë Howard  WMG on 02476 524721 or 07824 540845
email or

Peter Dunn, Press and Media Relations Manager
Communications Office, University House,
University of Warwick, Coventry, CV4 8UW, United Kingdom   
Tel: 024 76 523708  Mobile/Cell:  07767 655860

PR24 PJD 3rd April 2007