SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

SME.UK.9.Thmb.jpg 'Cooperation among SMEs in India, UK to lead future'

cii-sme-delegation-uk.jpg
CII – SME Delegation to Basildon, UK.
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
Saurabh Gupta | 12 Mar, 2011
Collaborative efforts between the Small and Medium Enterprises (SMEs) of United Kingdom (UK) and India, in manufacturing, with a focus on Advanced Engineering would help create stronger ties between the two countries, said, Nalin Surie, High Commissioner of India in the UK at the inaugural of the UKIBC Annual Summit, in Manchester, on Thursday.

Speaking on the theme for the summit, i.e. Building a 21st century special relationship, he emphasized the need for a mechanism, to facilitate interaction between the SMEs in India and UK.

Leading a 25 member strong SME delegation, Ramesh Datla, Chairman, CII National MSME Council mentioned that the next decade could well witness the rise of the Indian SMEs as the producers of world class products driven by their thrust to leverage the best technologies, from across the globe.

The CII MSME delegation comprises of members with interest in diverse sectors such as Home Appliances, Rubber & Plastic Automotive components, Consumer Durables, Electronic Analytical Instruments, Embedded and Application Software Development for Analytical Instruments, Analytical/Laboratory Instruments, IT enabled services for Healthcare Industry,  Financial Services, Venture Capital Financial & Management consultancy, Education, Skills, etc., that represent the Indian industry, from all the four corners, of India, .

Peter Sands, Co Chairman, India UK CEOs Forum and Group Chief Executive, Standard Chartered Bank, highlighted the eagerness of UK to collaborate with Indian counterparts across identified sectors. UK investment in India is a reflection of our commitment and importance that we attach to relations with India, he added.

The Advanced Engineering & Manufacturing, according to Gurpal Singh, Deputy Director General, Confederation of Indian Industry (CII) assume immense importance for the business linkages between India and UK, especially in the area of SMEs, as new collaborations assumes renewed importance for realizing contribution by manufacturing to Indian GDP upto 25% by 2025.

Lord Karan Bilimoria, President, UKIBC and Founder and Chairman, Cobra Beer Partnership, mentioned that it is vital that the UK based SMEs looking to make a break through in India should eye tier 2 and/or tier 3 cities of India. The cities have tremendous potential and the returns from the same could be massive, he added. Each of the rising Indian cities provides a positive business environment that represents a variety of commercial opportunities for UK companies.

The UKIBC Annual summit witnessed both industry and Government come together and have healthy discussions in the six breakout sessions on the themes of Advanced Manufacturing and Engineering, Infrastructure, Life Sciences & Healthcare, Education and Skills Development, Innovation and Logistics, Retails & Supply Chain Management.

Key points discussed, during the summit, included identification of capacity building in supply chain and logistics, promoting institutional collaborations between industry and universities for enhancement of competencies through capacity building and technology transfer in hitech areas such as Defence, Aerospace etc, create innovative business models based on the needs of both countries.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter