Empowering MSMEs with News & Insights

Intl Trade Centre to be set up in Visakhapatnam; MSME Minister to be present at the event

Updated: Jan 16, 2018 08:37:38am
image

Intl Trade Centre to be set up in Visakhapatnam; MSME Minister to be present at the event

Visakhapatnam, Jan 16 (KNN) To enhance and explore the potential of women entrepreneurs, Andhra Pradesh Government is setting up an International Trade Centre for women entrepreneurs in the city.

Andhra Pradesh Chief Minister N. Chandrababu Naidu will lay the foundation during the inaugural of International Conference of Women Entrepreneurs to be held from January 17 to 19.

According to a report, president of Association of Lady Entrepreneurs of India K. Rama Devi and District Collector Pravin Kumar, HRD Minister Ganta Srinivasa Rao said a 50-acre site was allotted to the trade centre at Gidijala.

Vice-President M. Venkaiah Naidu, Union Industry and Commerce Minister Suresh Prabhu, MSME Minister Giriraj Singh and SAARC Secretary General Amjad Hussain B Sial are likely to participate during the event.

The conference will be held under the aegis of state government and in partnership with the South Asian Women Development Forum.

Ramadevi said the DPR envisaged setting up of a minimum of 200 units, each with a cost of Rs. 16 crore. Besides footing the cost of the land, ALEI will take up development of infrastructure and intends to complete it in two years. Common facilities would be developed in 20,000 sft.

Visakhapatnam was chosen with it being a port city that would help tap the export potential, Ramadevi said.

She thanked the Chief Minister for his support and suggestion to set up incubation centre to help equip enterprising entrepreneurs, particularly from rural areas, with skill and technological support.

It is entitled to 40% subsidy for infrastructure from the Ministry of MSME besides other incentives offered to entrepreneurs in general and women in particular.

Ramadevi said with this initiative the women entrepreneurs will tap opportunities in different sectors including exports, food processing, garment making industry etc.

ALEI would create infrastructure for small units in 500 square yards each employing up to 20 workers.

During the three-day conference successful software and biotechnology entrepreneurs and experts from incubation centres in Tirupati, T-Hub and IIT, Madras, will participate.

Ratnakar Adhikari from International Trade Centre, Geneva, Clement Chauvet from UNDP, T.T. Hang from European Investment Fund, are among the experts addressing the conference. Seventy delegates from SAARC countries will attend. (With inputs from a media report)

COMMENTS

    Be first to give your comments.

LEAVE A REPLY

Required fields are marked *