Indian MSMEs seek a long-term partnership with Chinese entrepreneurs and investors, especially in areas like IT and digital assets, mobile components and auto ancillaries
In a growing favourable environment of Indo-Chinese business cooperation, our country was the focus of a rated international trade fair at Guangzhou recently.
Union Minister of MSME Kalraj Mishra and Governor of Guangdong Zhu Xiaodan jointly inaugurated the India pavilion at Pazhou International Trade Centre in Guangzhou, China at the 13th China International Small and Medium Enterprises Fair (CISMEF). As many as 124 SMEs units from various parts of India comprising of sectors like textile, garments, cycle parts, machine tools, paper and paper products, plastic products, solar products, lED lights, machine tools, jewellery, pharmaceutical, agricultural products and handicrafts are participating in the fair. India is the co-host country through the ministry of micro, small and medium enterprises (MSME) and National Small Industries Corporation (NSIC), New Delhi is the nodal agency.
The Minister in his inaugural address pointed out the immense opportunity for cooperation between the SMEs of India and China for mutual benefits especially under the rubric of ‘Make In India’ initiatives launched by Prime Minister Narendra Modi.
“The Modi government has taken several initiatives to augment the growth of the manufacturing sector in India like- ‘Make in India’, ‘Digital India’, ‘Start-up India’ and ‘Stand up India’, which have made the world’s economic super powers to look at India with admiration. The Indian MSME sector is poised for a major leap driven by the high growth with high level of innovation. Indian SMEs seek a long term partnership with Chinese entrepreneurs and investors especially in areas like IT & digital, mobile components, automobile ancillaries”, the minister said.
The CISMEF, that concludes today, attracts a larger number of visitors from China as well as from other countries. It is expected to provide huge market opportunity. Participation of Indian MSMEs is relevant even as China emerged as India’s largest trading partner. The fair also provided opportunity for the Indian SMEs to network with Chinese as well as other foreign SMEs besides by benchmarking their products and quality with the international products.
The Minister also met Hu Chunhua Guangdong Party Secretary and Xin Guobin Vice Minister of Ministry of Trade and IT and discussed ways to enhance cooperation between the SMEs of two countries.