Commonwealth SME Association will be a paradigm shift in linking Indian mfg sector with GVC (Watch Video)
New Delhi, July 15 (KNN) In a first, a Commonwealth SME Association was recently launched in the national capital to focus on linking Indian exporters to the suppliers from Lesser Developed Countries (LDCs).
The Commonwealth SME Association, a joint initiative of industry body FISME and Commonwealth Secretariat, London, would provide a sustainable platform to the SMEs in the LDCs and the region in order to source inputs for their lead products.
KNN spoke to Dr. Rashmi Banga, Head, Trade Competitiveness, Commonwealth Secretariat, London, on the vision and role of the Association. (Watch Full Interview)
Dr Banga, under the CWS, conducted a study which identified 35 lead products, focussing on export of which can increase their export by 125 per cent.
Talking about the key role the SME Association can play, Dr Banga said it could provide India a reliable pool of suppliers from which they can procure. The association can also held in information sharing between India and LDCs and bridge the info gap.
She said the SME Association would also form an Advisory Board of experts for detailed consultation from the stakeholders.
The SME Association and its web-based operation will be a paradigm shift in linking Indian manufacturing sector with the GVC particularly with the suppliers from the LDC countries of Commonwealth. (KNN Bureau)