International SME Convention To Be Held From 22 April To 24 April In New Delhi

International Small and Medium Enterprises Convention To Be Held In New Delhi

The first-ever International SME (Small and Medium Enterprises) convention will be held in New Delhi. It is scheduled to be held from 22nd April to 24th April 2018.

The First International SME convention has been organised by Union Ministry of Micro, Small & Medium Enterprises (MSME).

The First International SME convention aims to provide a platform to allow Entrepreneur to Entrepreneur (E2E) exchange of ideas, free and fair business discussions, mutual sizing of opportunities and ways to address them.

The First International SME convention will be a four-day event which would see the participation of over 150 participants from 31 countries and 400 entrepreneurs from India. It has a particular focus on inclusion of MSMEs in Make in India program and empowering women entrepreneurs

Union Ministry of MSME has engaged with over 35 International Trade Development organisations to attract and invite able and willing entrepreneurs and encourage people to people (P2P) contact with select Indian Entrepreneurs from key sectors of the International counterparts.

Background

In India, MSMEs sector constitutes single largest employer after Agriculture sector. India takes over 60 million MSMEs, a majority of which are in low-tech areas and serve local domestic markets.

In India, a small percentage of SMEs has the ability to derive access to International Markets, with a vast majority of enterprises working as ancillaries. Highly developed economies have banked on their SMEs for both GDP Growth as well as higher employment resulting in higher per capita incomes.