MDI, Murshidabad was inaugurated by Shri Pranab Mukherjee, Hon’ble President of India on August 24, 2014 and Guest of Honour was Shri Arun Jaitley, Hon’ble Union Minister of Finance, Defence and Corporate Affairs.
At the time of independence in 1947, India's capital market was relatively under-developed.
Although there was significant demand for new capital, there was a dearth of providers.
Merchant bankers and underwriting firms were almost non-existent. And commercial
banks were not equipped to provide long-term industrial finance in any significant