FISME to host Commonwealth workshop on linking Indian MSMEs to Global Value Chains
Updated: Oct 08, 2015 05:19:07pm
New Delhi, Oct 8 (KNN) In a bid to upgrade and link the Indian MSMEs to Global Value Chains (GVCs), Commonwealth Secretariat (London) along with the Federation of Indian Micro and Small & Medium Enterprises (FISME) is organizing a National Workshop of MSME associations here on October 9, 2015.
“While most of the global trade is increasingly being channeled through GVCs, in spite of enormous potential in sectors such as Textiles, Engineering and Auto components, Electricals & electronics, Leather, Chemicals and Pharma and Plastic, however, Indian exports have largely remained outside the GVCs,” explained Sangam Kurade, President of FISME- the local host of the workshop.
The Commonwealth is a voluntary association of 53 independent and equal sovereign states. It is home to 2.2 billion citizens, of which over 60 per cent are under the age of 30.
At the behest of Government of India, the Commonwealth Secretariat has commissioned a study to find the reasons for the exclusion of Indian MSMEs from the GVCs. The study is to also suggest support programmes to Government of India to ‘Link Indian SMEs to Global Value Chains’.
Rashmi Banga, who is heading the Commonwealth initiative from London, will be leading the Workshop along with a team of researchers.
MSME associations from across the states such as Rajasthan, Uttar Pradesh, Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Madhya Pradesh, Goa, Maharashtra, West Bengal, Gujarat, Bihar, Jharkhand and Punjab would be participating in the initiative. (KNN Bureau)
“While most of the global trade is increasingly being channeled through GVCs, in spite of enormous potential in sectors such as Textiles, Engineering and Auto components, Electricals & electronics, Leather, Chemicals and Pharma and Plastic, however, Indian exports have largely remained outside the GVCs,” explained Sangam Kurade, President of FISME- the local host of the workshop.
The Commonwealth is a voluntary association of 53 independent and equal sovereign states. It is home to 2.2 billion citizens, of which over 60 per cent are under the age of 30.
At the behest of Government of India, the Commonwealth Secretariat has commissioned a study to find the reasons for the exclusion of Indian MSMEs from the GVCs. The study is to also suggest support programmes to Government of India to ‘Link Indian SMEs to Global Value Chains’.
Rashmi Banga, who is heading the Commonwealth initiative from London, will be leading the Workshop along with a team of researchers.
MSME associations from across the states such as Rajasthan, Uttar Pradesh, Karnataka, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Madhya Pradesh, Goa, Maharashtra, West Bengal, Gujarat, Bihar, Jharkhand and Punjab would be participating in the initiative. (KNN Bureau)
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