26 Nov 2022
The micro, small and medium enterprises (MSMEs) sector has always played a major role in the socio-economic development of India. Spread across both urban and rural parts of the country, MSMEs are increasingly contributing towards the economic and social development of the country and their role will further witness a rise as India marches ahead towards completing 100 years of independence.
MSMEs play a critical role when it comes to generating employment opportunities, a prerequisite for a country’s economic growth, and empowering the population at large. Apart from building a diverse range of products, they have been contributing significantly towards increasing India’s share in global trade. This makes it necessary for the MSMEs to have access to global practices, new age technology and innovative financial solutions to resolve the challenges of the past and become future ready.
The path to India@100 requires MSMEs to adopt new age technologies which support them in keeping pace with the fast-evolving requirements of the industry and market. The right knowledge and handholding can support MSMEs and help them understand global requirements, enabling them to increase their share in the global trade.
These technologies will help in making MSMEs future ready, while ensuring that they adopt sustainable business practices. This requires constant handholding and access to innovative finance, which will address the most prominent challenge most MSMEs are witnessing in today’s business environment.
The Government of India, through its multiple agencies, is implementing a host of schemes for the amelioration of this sector. Aimed at improving the overall SME ecosystem in the country, these schemes are targeted at credit provisioning and financial inclusion of these enterprises, skill development, quality enhancement, technological upgradation, policy support, enhanced market linkages, boosting exports, etc.
19th CII Global MSME Business Summit
With over two-thirds of its members from the MSME sector, CII not only places utmost importance on its development, but has also undertaken many measures towards enhancing its competitiveness, building capacity and support services requisite for its growth.
This year, CII is organizing the 19th edition of CII Global MSME Business Summit to recognize, promote and showcase the strength of Indian MSMEs with the theme, ‘India@100 with Future Ready MSMEs’ in New Delhi on 30th November 2022.
The theme ‘India@100 with Future Ready MSMEs’ is based on the vision of Hon’ble Prime Minister Narendra Modi to celebrate India@100 as Amrit Kaal for the nation, symbolizing the remarkable new opportunities that present themselves amid global challenges.
The Global MSME Summit is being organized, by CII in partnership with The Ministry of Micro, Small and Medium Enterprises, Government of India, to promote the visibility of Indian MSMEs and encourage international market linkages and will witness presence of Shri Narayan Tatu Rane, Hon’ble Union Minister for MSMEs, Ministry of MSME and Shri Bhanu Pratap Singh Verma, Hon’ble Minister of State for MSMEs, Ministry of MSME, as the Chief Guest and Guest of Honor, respectively.
The Summit is envisaged as a thought leadership forum witnessing the conglomeration of the key stakeholders from the MSME space cutting across the prominent industry sectors. The deliberations will aim at the key learnings and requisites of transforming India as one of the industrially advanced economies.
It will provide MSMEs the insights on the entry strategies for various global markets, help them assess the potential of their products and services globally and learn about a wide range of products and services to enhance their competitiveness and productivity. It is proposed to be organized with focused sessions on key sectors and components:
Technology
Finance
Trade and Digital Commerce
Capital Goods
Engineering Goods
Service industry
Food & Beverages
Register here to join sector experts and thought leaders as they deliberate on the way ahead for the Indian MSME sector.