Forge global ties to enhance competitiveness, govt tells MSMEs

Kalraj Mishra, Union Minister for MSME, said that his government has drawn up a number of schemes to boost the sector The Dollar Business Bureau

Union Minister for MSME Kalraj Mishra inaugurated the Global SME Summit 2015 being held in New Delhi

Emphasising on the need to boost domestic manufacturing, the government on Monday asked the Micro Small and Medium Enterprises (MSMEs) to explore ways to forge global partnership and become competitive in the international market. MSMEs should forge partnerships with their counterparts in various countries and try to become more competitve, Kalraj Mishra, Union Minister for MSME, said while speaking at the inauguration of the Global SME Summit 2015 in New Delhi. The minister said that his government has drawn up a number of schemes to boost the sector. “Private players should also come up to support the government's initiatives for the purpose,” he added. The theme of this year's summit is ‘Make in India through Global SME partnerships. This summit is organized by CII (Confederation of Indian Industries) in partnership with the Ministry of MSME. The summit is aimed at creating a platform for key decision makers, business leaders and multilateral and global funding agencies to address issues faced by small enterprises and explore cross-border partnership opportunities. “The objective of this summit is to connect the Global SMEs with the Indian SMEs for mutual business development and explore the emerging Indian market,” a statement from the MSME Ministry said. Apart from creating a large number of jobs, the MSME sector accounts for almost 25% of India’s exports.

December 07, 2015 | 05:10pm IST

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The Dollar Business Bureau - Dec 07, 2015 11:38 IST

Forge global ties to enhance competitiveness, govt tells MSMEs

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