SMEDA stepped into the foray of Public Sector Development Program (PSDP) in 2006-07 by initially establishing four Common Facility Center projects, financed through PSDP window. These projects are conceived in consultation with prominent cluster stakeholders and aim to catalyze the adaptation of best business practices and induction of new technologies through demonstration, training, provision of common facilities and ancillary services. Currently SMEDA has a portfolio of twenty-eight projects with a total outlay of Rs. 4.2 Billion.