Hyderabad, Mar 3: Alka Nangia Arora, Joint Secretary, Ministry of Micro, Small and Medium Enterprises, Government of India, on Tuesday inaugurated GlobalSoft 2020 , a forum bringing Indian SMEs and Foreign buyers on a single platform at HICC, Madhapur.
GlobalSoft is organised by ESC-Electronics and Computer Software Export Promotion Council. Speaking on the occasion, she said, MSMEs worldwide speak the same language. Their problems, challenges, opportunities are similar across the globe.
She announced that the Ministry will host the 3rd edition of International SME Convention on April 16 d 17 in New Delhi. Delegates from over 70 countries are expected to participate, she added Ms Alka Nangia Arora said that India is the world's largest market comprising of 350 million urban consumers and has over 2 million hi-growth SMEs with an annual growth rate of 20 per cent.
International SME Convention is the foremost International platform for discussing & sharing best practices for enterprise development, facilitating business discussion and encouraging trade partnerships by and between innovative, progressive and sustainable small and medium enterprises, from all over the world. She hoped that lot of Joint Ventures are signed at the GlobalSoft 2020.
Congratulating Mr Nalin Kohli, Chairman, GLOBALSOFT for initiating the much needed platform for global SMEs in the ICT sector, Ms Arora wished that it would soon emerge as a powerful forum for rallying small and midsize companies, across the world, which are key to creating employment, investment and technology cooperation and joint ventures.
“Perhaps, a few years down the line, some SMEs in India and their counterparts elsewhere in the world can put together their minds and expertise to create a software, which would be of great value to the entire chain of manufacturing units and can create disruptive technologies that can enhance the efficiency of SMEs, like what Ola and Uber have done in taxi hairing,” she said.
India is home to 63 million MSMEs. Micro, Small and Medium Enterprises sector is an important pillar of Indian economy contributing greatly to growth of Indian economy. Nearly 110 million people work in these MSMEs, producing diverse products and services and contributing greatly to the nation, stated Mr D Chandra Sekhar, Addl Industrial Adviser, MSME & DG, NI MSME. (UNI)