It is assumed that 4.3 per cent of the Fund's assets are invested in small capitalization funds.

More than 50 funds invest in microfinance.

(a) Continue to outsource small capitalization equity investments.

I'll even take the child as an investment.

Software SMEs contributed significantly to OFDI stock (47 per cent), whereas manufacturing OFDI by SMEs was small (table 6).

The investment officer who covers the emerging markets would be assigned to head the team dealing with emerging markets, real estate investments and alternative investments.

When it comes to South South investment, the focus should be on small and medium size foreign investors, who often have different needs from those of traditional home countries.

Outward foreign direct investment by Indian small and medium sized enterprises

Panellists also underscored a trend towards investing more resources in marketing and human resources than in technology.

Investment in China s manufacturing sector was low in December, but infrastructure investment improved slightly. As such, fixed asset investment for the month will remain the same as that in November.

Relatively small quantities of public resources could be used to attract private investment.

For instance, OFDI approvals by SMEs accounted for 26 per cent cases of manufacturing activities and 41 per cent cases in the software industry.

It's just a little investment. I don't come here often.

Invest, invest, invest.

Against this background, the prospect for Indian OFDI, including by Indian SMEs, is promising.

OFDI by SMEs Emerging patterns 7

A major problem for SME investors is the lack of information on investment opportunities and local conditions.

This has resulted in limited financing for investments needed for private sector growth, especially small and medium sized enterprises.

SMEs investing abroad can normally be found among the more growth oriented SMEs.

Double bottom line ventures invest primarily in SMEs and include development venture capital funds where the public sector helps to cover the risks that might deter private investors while the private partner manages the investments.

And we're starting to be much more careful about how we save and how we invest.

OFDI by SMEs Emerging patterns

The motives were largely similar across regions and were dependent on the types of OFDI (market seeking, efficiency seeking, resource seeking, asset augmenting).

For example, 98 per cent of the beneficiaries of the Government's microfinance and microcredit efforts were women.

By realigning the Fund's investment, infrastructure and team configuration, a number of the audit recommendations made to the Investment Management Service in the past few years can be implemented.

The share of inward FDI in the distribution sector is relatively small as most investment is directed towards the oil and gas industry.

Assistance to smaller firms with little experience in investment projects abroad and with limited financial means is particularly important, especially in the first stages of the investment process.

Because of these disadvantages, SMEs are invariably small in quantity as compared with OFDI by larger enterprises.

OFDI policy regime and SMEs

(a) Investment in MFIs, building potential market leaders and competitive microfinance sectors.

While an investor might bear a market imposed reduction in the value of his investment in an emerging market, which often accounted for a small proportion of his portfolio, a massive capital outflow might cause the financial collapse of an economy.

Small capitalization equity investments require frequent visits to companies for purposes of research as less information is provided by investment advisers and brokerage houses on these types of investments.

Furthermore, in order to support SMEs proactively, the Government had created the National Agency for Private Investment (ANIP) with the purpose of facilitating foreign investment in the country and a national institute for the support of SMEs.

OFDI policy regime and SMEs 11

(d) Appropriate harnessing of the potential for foreign direct investment (FDI) and encouraging increased FDI flows to small island developing States

Indian OFDI by SMEs is similar to that by Indian TNCs in that it originated from a broad spectrum of manufacturing industries.

Indian SMEs invest in both developed and developing countries, but the software OFDI is more inclined to favour the developed region.

(c) Access to resources, including microcredit, new technologies and agricultural input

The Advisory Panel has highlighted the importance of trade and investments in Africa.

Indian OFDI and SME competitiveness

The Expert Meeting welcomed the panel discussion with international investors.

11. Environmental investments total investments

Data on outward FDI by SMEs are still very limited.

Furthermore, SMEs are generally unfamiliar with the legal system and regulation that investments involve, and the policy environment is rarely adapted to encourage FDI by SMEs.

SMEs investing abroad encounter a number of obstacles.