India Development News & Foreign Investment Opportunities

Technology training centres for quality production

MSMEs’ progress noted

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MSMEs’ progress noted

 

PIB.
Gadkari viewing products at IITF.

The government is working on setting up new technology training centres for quality production, which is internationally acceptable, said the Minister of Road Transport & Highways and MSME Nitin Gadkari.

Gadkari has also called upon the entrepreneurs to come forward with new and fresh ideas on improving designs, reducing costs, and harnessing businesses.

Various States are abundant with rich minerals and raw materials. “The need is to convert them into business and industrial opportunity”, he added while inaugurating 39th India International Trade Fair (IITF) in Delhi on 14 Nov 2019.

The Fair is themed: “Ease of Doing Business”, inspired by the unique achievement of India of rising up to the 63rd rank on the World Bank’s Ease of Doing Business Index from 142nd rank in year 2014.

He also noted the MSMEs good progress which has become growth engine for India’s development and accounts for 29% of total exports.

Several countries, including Australia, Iran, UK, Vietnam, Bahrain, Bangladesh, Bhutan, China, Egypt, Hong Kong and Indonesia, are participating in the 14-day trade fair.

This year, the status of Partner Country has been accorded to Afghanistan, while Bihar and Jharkhand are the focus States.

IITF offers opportunity for large corporations, Micro, Small and Medium Enterprises (MSMEs), non-government agencies, artisans, self-help groups (SHGs) among others to promote their products and services to a very large sample of potential customers. fiinews.com

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