Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-09-29

Varma forges for strong ties with US in MSME sector

Secretary of the Union Ministry of Micro, Small and Medium Enterprises, Mr. Uday Kumar Varma has expressed his desire to develop a long-term and a sustainable bilateral relationship with USA in the MS

Secretary of the Union Ministry of Micro, Small and Medium Enterprises, Mr. Uday Kumar Varma has expressed his desire to develop a long-term and a sustainable bilateral relationship with USA in the MSME sector of the country.  A strong bilateral tie up in the MSME sector will lead to exchange of information, knowledge and other relevant details involved in the sector and further build a strong partnership between the two countries.

Mr. Varma suggested a few measures to develop this co-operation in the MSME sector creating an additional focus group for the SME sector under US-India Trade Policy Forum for SMEs; setting a CEO forum with the representatives from both the sides; create an institutional mechanisms, specifically for SME’s, appropriately anchored, in both Governments and appropriate Trade Bodies on both the sides to facilitate Delegation exchange, Technology and Expertise exchange, Information exchange, etc. If such a mechanism has already been created and exists, then its structure and mandate should be given a re-look to appropriately and adequately associate this sector.

Further, Mr. Varma recommended for again starting the agreement signed earlier by the MSME ministry with US Small Business Administration (US SBA) for the cooperation in the sector, which is not functional anymore.

In US, there are about 3.7 million manufacturers operating. In India, though the SME sector provides employment to almost 60 million people, making it the largest source of employment after the agriculture segment contributing significantly to the country’s economy.

Related opportunities
  • Kids & Children Clothing
    About Us: LAXONS BABY WORLD is a complete and exclusive BABY..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About Us: In this 21st century, people are way too busy..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Travel Agents
    About Us: Travaha is a leading B2B travel portal that is..
    Locations looking for expansion Karnataka
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Opticians/Eye Wear
    About Us: Established in 2010 Mujosh is Cutting edge fashion eyewear..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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