SME Times News Bureau | 23 Jun, 2018
Commerce
Minister Suresh Prabhu on Friday said Micro, Small and Medium
Enterprises (MSME) can provide the ignition required for a new
India.
Speaking
after inaugurating the fifth India International MSME Start Up Expo
at Pragati Maidan in New Delhi, Suresh Prabhu said, "The
Prime Minister made a profound statement that without participation,
development and regeneration of small and medium startups, we cannot
succeed ignition of new India."
He
added, "One of the
fundamental and cardinal principles of the small and medium
enterprises is that they take wealth to different corners of the
country. They earn money and in process help wealth distribution of
that unlike large industries."
There
are 12 crore MSMEs that directly and indirectly engage more than 60
crore people of the country.
The
event saw participation from young entrepreneurs. Top officials
including Uttar Pradesh Industrial Development Minister Satish
Mahana, Union Minister for Development of North Eastern Region
Jitendra Singh, Ambassador of Thailand Chutintorn Gongsakdi,
Ambassador of Azerbaijan Ashraf Shilhalvyev, Ambassador of Uzbekistan
Farhood Arziev and Japanese Minister Counsellor Kenko Sone were also
present
The
agenda of the exposition is to promote entrepreneurship and
self-employment to generate maximum job opportunities.
The
event will also provide one stop global platform to connect, network,
partner and share information with domestic and international SMEs to
find new business opportunities in either country.
The
event will witness more than 20,000 visitors, 250 exhibitors, 100 B2G
and B2B meetings, 50 embassies and global participants, 30 banks and
investors, 15 PSUs and government departments and 10 concurrent
summits.