Home / Knowledge / News / Innovative SMEs to drive Indian economy: CII
Innovative SMEs to drive Indian economy: CII
19
Mar '08
Transforming micro, small and medium enterprises (MSMEs) into world class entities was the theme of the fifth India Global Summit on MSMEs 2008, held in New Delhi from 18-19 March 2008.

The Summit was organized by the Confederation of Indian Industry (CII), the Ministry of Micro, Small and Medium Enterprises, Government of India, in association with SIDBI.

Inaugurating the Summit, Mr. Vayalar Ravi, Minister of Overseas Indian Affairs, Government of India, called the growth of this sector a 'movement'.

He mentioned that the Government of India has supported this sector since the 1950s, and with the enactment of Micro, Small and Medium Enterprises Development Act (MSMED Act) 2006, the Government of India continues to give full support to the MSME's.

The Minister also released the CII SME Annual Report and the Publication “Opportunity India: Advantage Indian SMEs”, a study of Joint Ventures and Technology Collaboration between Indian SMEs and Foreign companies.

Providing the Nigerian perspective, Madame Modupe A. Adelaja, Director General, Small and Medium Enterprises Development Agency of Nigeria said that Nigerians have always been entrepreneurial in nature, and the Nigerian government while recognizing that this energy needed to be tapped to reduce poverty among its 140 million strong population, focused on wealth creation through MSMEs as one critical point of its 7-point development agenda. India and Nigeria, she said, have a common historical background, and Nigeria can learn from the Indian experience.


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search