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

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 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
  • Other Vocational Training
    About Us: International School of Design has established itself in arts, design..
    Locations looking for expansion DELHI
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NEW DELHI DELHI
  • Fine Dine Restaurants
    About Us: Fozzie’s Pizzaiolo is predominantly a gourmet Italian restaurant/ café..
    Locations looking for expansion Gujarat
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Pathological Labs
    About Us: We offer Pathology benefits that utilization front line innovation..
    Locations looking for expansion New Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Art, Craft, Antique & Framing
    About Us: Attapetta is first of its kind concept store that..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
ads ads ads ads