Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-09-15

IMS, Emma Expo 2014 stresses importance of MSMEs

The government will ensure an inflow of Rs 1,000 crore to Karnataka, by supporting the start-ups in MSME sector.

The ongoing India Manufacturing Show (IMS) and its concurrent show Taiwan-promoted Emma Expo 2014 in Bangalore have stressed the importance of the MSME sector, according to a report by autocarpro.in.



Both IMS and Emma Expo highlighted the auto and allied sector growth in MSME segment in India. Ananth Kumar, Union minister for Chemicals and Fertilizers, who inaugurated the three-day event, said the union government would release new policy for MSME sector soon. He said, “We should derive inspiration from prime minister Narendra Modi’s Independence Day speech that appealed to promote ‘Made in India’ products across the world.”



He said the manufacturing sector should double its contribution to the country’s GDP. As part of the union Budget, he said the government has announced Rs 10,000 crore towards venture capital for start-ups. The government will ensure an inflow of Rs 1,000 crore to Karnataka, by supporting the start-ups in MSME sector.



HVS Krishna, chairman, IMS Foundation, said that manufacturing sector contributes 13 per cent to the country’s GDP, of which 45 per cent comes from MSME sector that employs around 70 million people in the country. Over all, more than 25 per cent of the participants are related to the automotive industry while the remaining exhibitors cater to the needs of various sectors like industrial engineering, aerospace and electronics and assembly.



Walter Yeh, Executive Vice-President, Taipei World Trade Centre (TWTC) said “Many of our top firms are exploring joint ventures in India to tap the huge potential for industrial products spanning electronics, machinery, moulds, automobile components and accessories. Through auto parts, electronics, machinery and moulds offerings in the expo, our firms are offering $24 million worth of business opportunities as against $12.4 million worth of business generated at its previous in 2013."

Related opportunities
  • Other Vocational Training
    About Us: The Sunday Science School is a registered institute for..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Ice creams & Yogurt Parlors
    About Us: FRIENDLY OPPORTUNITY FOR ENTREPRENEURS Low Cost of Capital Minimum Operational Expenses..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 25
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    IMS being in the education sector for over 40 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2001
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About  THE KETTLERY (CPK Food and Beverages Pvt. Ltd.) An exclusive tea..
    Locations looking for expansion Gujarat
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts