January 18, 2022
1 min read

India opens MSME floor at Dubai Expo

India on Monday opened a floor at Expo 2020 Dubai devoted to Micro, Small and Medium Enterprises (MSME), a highly vibrant and dynamic sector of the Indian economy…reports Asian Lite News

The Minister for MSME, Narayan Rane, said micro, small and medium enterprises employ 110 million Indians in such enterprises and has become a “significant contributor to economic growth with over 30 per cent contribution to GDP and accounts for over 48 per cent of overall exports from India.”

A readout by his Ministry hoped that participation in Expo 2020 Dubai will enable interaction by this sector of the Indian economy with governments of various countries as well as global business and industry leaders, which would help in adoption and exchange of best practices from across the world. It will also help to promote better understanding about the MSME ecosystem in India.

Sunjay Sudhir, India’s Ambassador to the UAE, highlighted the importance of MSMEs in the socio-economic development of India at the inauguration of the MSME floor.

ALSO READ: Dubai Silicon Oasis partners with India Innovation Hub

The rationale in opening the special floor at Expo 2020 Dubai is India’s record in providing large employment opportunities at comparatively lower capital cost through MSMEs and their role in the industrialization of rural and economically backward areas.

MSMEs in India include Khadi and Village Industries (KVI), two national heritages of India. Khadi means hand spun natural cloth, which was a symbol of India’s freedom struggle. At today’s inauguration, Rane launched “Khadi India,” a film produced by KVI Corporation.

Coir, an agro-based traditional industry, which originated in Kerala state and proliferated to other coconut producing provinces is also part of MSMEs in India. In recent years, the acceptability of Coir products has increased worldwide due to its environment friendly composition.

Previous Story

Dubai Silicon Oasis partners with India Innovation Hub

Next Story

Biden calls Texas synagogue incident as act of terror

Latest from -Top News

Modi’s 3-Nation Mission Begins

This three-nation tour is also an opportunity to thank partner countries for their steadfast support to India in our fight against cross-border terrorism…reports Asian Lite News Ahead of his departure for a

Pentagon Labels China Top Threat

Hegseth told a House defence panel that Beijing is preparing for war in the Indo-Pacific to assert regional and global dominance. US Secretary of Defence Pete Hegseth stated on Tuesday that China

NTSB to probe Air India crash

The National Transportation Safety Board stated that as per protocols, all information on the investigation will be provided by India National Transportation Safety Board (NTSB), an independent US government agency tasked with

‘I don’t know how I’m alive’

Vishwash Kumar Ramesh is believed to be the sole survivor of the Air India Flight 171 crash. His brother said he video called their father moments after the crash to say: “I
Go toTop

Don't Miss

What does China-Russia bonhomie mean for India?

If India can pursue a degree of independence in its

ICRA expects robust growth in gold loan securitisation

Investors like HNIs and mutual funds have shown a higher