Global SMEs look forward to more trade opportunities with India

Mutual recognition agreements between countries that can help facilitate trade more effectively is key to the growth of SMEs globally while countering challenges of product development, information flow and infrastructural bottlenecks at play. 

Leading industry and trade representatives from different countries tabled the challenges and opportunities presented to SMEs in their respective economies at the recently held 15th CII SME Global Summit in Delhi.  

Moderated by Alka Arora, Joint Secretary (SME), Ministry of MSME, the session saw participation from delegates of Zambia, Bhutan, Bangladesh and Nepal. 

Piyush Srivastava, Additional Development Commissioner, Ministry of MSME shed light on how 20 more technology centres have been set up to help MSMEs. He said that while earlier the concentration was more on West, now there has been a greater emphasis on the ‘look East’ policy. “We want to make it a friendly neighbourhood.