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

G7 Sides with Israel in Escalating Conflict

The leaders said “Iran is the principal source of regional instability and terror.”…reports Asian Lite News Leaders of the G7 nations, meeting at a summit in Canada, issued a joint statement backing

Awami League Slams ‘Fascist’ Yunus

The videos from the protest shared on the party’s social media page showed several party activists marching through the streets of Dhaka in support of Hasina…reports Asian Lite News Hundreds of Awami

Tehran Alert: India Asks Nationals to Evacuate

As the Israel-Iran conflict entered its fifth day, the hostilities between the two nations continued to escalate…reports Asian Lite News India has urged its nationals in Iran and Persons of Indian Origin(PIO)

Modi, Cyprus President Hold Talks

Both leaders explored avenues to deepen cooperation in trade, investment, security, and technology…reports Asian Lite News Prime Minister Narendra Modi on Monday held wide-ranging discussions with Cyprus President Nikos Christodoulides at the

Jaishankar Dials UAE, Armenia as Mideast Heats Up

EAM Jaishankar discussed the fast-evolving situation and emphasised the importance of dialogue and cooperation….reports Asian Lite News External Affairs Minister S. Jaishankar held telephonic conversations with his counterparts in the United Arab
Go toTop

Don't Miss

Priyanka asks Biden to share Covax for India

“My heart breaks. India is suffering from COVID19 & the

Pak calls on India to reopen Kartarpur Corridor

Pakistan has also criticised India for refraining from opening the