ENA MSME 2024-02-08 13:49:23 <p><span style="font-size:14px"><strong>Hyderabad, Feb 8 (KNN)</strong> BioAsia, the renowned lifesciences and healthtech conclave, has announced a significant collaboration with the Union Ministry of Micro, Small &amp; Medium Enterprises (MSME) for its 21st edition, BioAsia 2024.</span></p> <p><span style="font-size:14px">Scheduled to take place in Hyderabad from February 26-28, 2024, this collaboration aims to align with the government's vision of promoting MSME growth and development, which is integral to India's life sciences industry.</span></p> <p><span style="font-size:14px">The move underscores the importance of MSMEs in bolstering India's prowess in the global life sciences arena.</span></p> <p><span style="font-size:14px">BioAsia 2024 will feature a dedicated pavilion where leading lifesciences players will showcase their projects, offering MSMEs a valuable opportunity to forge key partnerships and expand their businesses.</span></p> <p><span style="font-size:14px">This collaboration emphasises the crucial role MSMEs play in advancing the sector's growth and innovation.</span></p> <p><span style="font-size:14px">One notable aspect of this collaboration is the full subsidy of MSME participation costs for BioAsia 2024.</span></p> <p><span style="font-size:14px">Through the Procurement &amp; Market Support (PMS) initiatives of the Development and Facilitation Office, the cost of participation for MSMEs will be completely subsidised, enabling broader participation and engagement within the event.</span></p> <p><span style="font-size:14px">D Sridhar Babu, the IT Minister, expressed the state government's commitment to fostering MSME growth as a cornerstone of the state's economy.</span></p> <p><span style="font-size:14px">He highlighted BioAsia 2024 as a pivotal platform for MSMEs to thrive, innovate, and contribute to the advancement of the life sciences sector.</span></p> <p><span style="font-size:14px">Babu emphasised the collaborative effort's potential to enhance technical acumen, strengthen infrastructure, and optimise resource utilisation within the sector.</span></p> <p><span style="font-size:14px">The partnership between BioAsia 2024 and the MSME Ministry signals a concerted effort to support and empower MSMEs, recognising their vital role in driving innovation and economic growth within India's life sciences industry.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36612 https://knnindia.co.in/news/newsdetails/msme/bioasia-2024-partners-with-msme-ministry-to-boost-indias-life-sciences-sector 2024-02-08 13:49:23 knnindia.co.in