Tirupur Exporters Association (TEA) general secretary, B.Shanmugasundaram said IL & FS is planning to launch “Enterprise Development Services (EDS)”, an online platform for bringing multiple SMEs together and link them with financing agencies, financial advisors, technology & marketing consultants, tax and legal advisors, etc.

In a release Shanmugasundaram said IL & FS Cluster Development Initiative Ltd, a subsidiary of IL&FS Group, has been established for developing solutions for SMEs, through a cluster based approach. It helps SMEs, as also large industries in setting up cluster based infrastructure projects like industrial parks and have been working with textile and apparel industry for past 10 years.

He also said through this platform, an SME would be able to access services as per its requirement, pick, choose and pay. In order to keep a continuous engagement with SMEs, the platform will be well equipped to provide up-to-date information and in-depth analysis on the sector including policy, markets, model project reports, training videos on entrepreneurship and basic subjects, etc. which would be of interest to existing SMEs and aspiring entrepreneurs.

Shanmugasundaram said IL & FS has proposed to initially launch this portal for textile and apparel sector and before designing and structuring the solution, it wants to discuss the matter with the industry to get proper feedback and inputs.