Special Correspondent

CHENNAI: United Nations Industrial Development Organisation (UNIDO) has come out with a unique software tool, COMFAR III, to evaluate the investment project proposals of Small and Medium Enterprises for better match making with overseas companies.

Computer Model for Feasibility Analysis and Reporting (COMFAR) is a software that permits the user to stimulate the short and long term financial and economic situation of investment projects. It also facilitates the analysis of industrial and non-industrial projects, new investment proposals, rehabilitations, expansions, joint ventures and privatisations among other things. COMFAR is available in three products – expert, mini expert and business planner – to serve different needs of an organisation. It is available in 17 languages and can handle 20 currencies.

On Thursday, Confederation of Indian Industry-Southern Region (CII-SR) in association with UNIDO commenced a three-day advanced level workshop for the representatives of the Ambattur Industrial Estate Manufacturers’ Association, Indian Finished Leather Manufacturers and Exporters Association and Indian Shoe Federation.

Umesh Menon, COMFAR III international trainer, UNIDO, said “we will be setting up Business Development Service cells in these associations to help them prepare business project reports. After verification, these reports will be forwarded to the respective banks to get financial assistance. Initially, we are training three persons and they will go on to train others.”

Rajiv Rai, Co-Chair, Task Force on International Business Promotion & Networking, said that these M&A evaluation tools were important while matchmaking. Besides, it would enable Industry Associations to introduce its members in a better light to the global business community.