Investment in social enterprises to reach Rs 5,400 cr:Sankalp
Mumbai, Jan 20 (PTI) The fifth edition of Sankalp, an initiative by Intellecap to channelise investments in social enterprises, will be held here on April 17-18.
The organisers expect over 1,000 delegates from social enterprises, investment funds, academics to attend the two-day summit.
According to Director for Initiatives at Intellecap Aparajita Agarwal, "investment into the social enterprise space was roughly Rs 765 crore till 2009. However, we are confident that this will grow to Rs 5,400 crore over the next five years. Even in terms of numbers of social enterprises, we have a year-on-year growth of 50 per cent."
She, however, said that as of now, Nabard and Sidbi are the only known domestic institutional investors in this space.
Other funds operating in this space include Aavishkaar, Omidyar, Acumen etc.
The summit will also announce the Sankalp Social Enterprise Awards and invited nominations from high impact, early-stage social enterprises working in the areas of agriculture, food and rural business, clean energy and clean technologies among others.
Intellecap, engaged in investment banking, is a pioneer in providing assistance to build social enterprises.
Following a dreadful washout in the four-State Assembly polls, a humbled Congress accepted its defeat and called for a much needed introspection to rethink their strategy ahead of the 2014 Lok Sabha polls.
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