India Global Summit on MSMEs 2011 to catapult Indian MSMEs into the high growth orbit

• CII and the Ministry of MSME come together for the eighth edition of the India Global Summit on MSMEs
• CII emphasises globalisation of MSMEs through the India Global Summit on MSMEs

The India Global Summit on MSMEs, the “Flagship Global MSME event” will be organised by CII jointly with the Ministry of MSME. The 2011 edition of the India Global Summit on MSMEs, will be the eighth in the series of MSME summits, being organised by CII, on 19-20 October 2011, at The Lalit, Barakhamba Avenue,New Delhi.

The summit is for the first time being organised with a sectoral focus on Defence (market size US $ 100 Billion), Homeland Security, Food processing (market size US $ 200 Billion – expected to reach US$ 300 Billion by 2015), Information Technology (market size US$ 76 Billion – expected to reach US$ 225 billion by 2020), Autocomponents (market size US$ 22 Billion – expected to reach US$ 110 billion by 2020), Pharmaceuticals (market size US$ 12 Billion – expected to reach US$ 50 Billion by 2020) Biotechnology (market size US$ 4 Billion – expected to reach US$ 10billion by 2015), Clean Technologies and Climate Change. Specific breakout sessions on these sectors, followed by business meetings  would be held during the summit, to identify opporunities for identifying the scope for Collaborations, Joint ventures and Technology transfers.

Mr Gurpal Singh, Deputy Director General CII mentioned that Hon’ble Mr Virbhadra Singh, Minister for Micro, Small and Medium Enterprises (MSMEs) has kindly consented to be the Chief Guest and inaugurate the summit. Besides, the Summit will be addressed by eminent national and international speakers, such as Rt Hon Patricia Hewitt, Chair, UK India Business Council and former Secretary of State for Trade and Industry and Datuk Ir (Dr) Mohamed Al Amin Bin Abdul Majid, JP, Chairman, SME Corporation, Malaysia, Abdul Matlub Ahmad, President, India-Bangladesh Chamber of Commerce and Industry (IBCCI) & Chairman, Nitol-Niloy Group; and will be attended by a large number of delegates from all over India and from different parts of the world.

According to Mr. Ramesh Datla, Chairman, CII National MSME Council and Managing Director, Elico Ltd., the opportunities presented by the globalization and the entwined, simultaneous pressure to innovate, opens for firms, also for MSMEs, new areas to engage in what is termed as the “global innovation” activitiy, so as to gain, retain, and further strengthen the competitive position. Therefore to provide a sustainable focus on the future development and growth of the MSMEs across the Globe, the discussions during the summit would revolve around – Innovation: Changing the Indian MSME landscape – the theme for the India Global MSME Summit.

The summit emphasises innovation, vision, inspiration, strategy, creativity, promotion and internationalisation. It creates good relations between people from different countries, trades, environments and professions. This results in stimulating new ideas and the developing, deepening and widening of existing knowledge and values.

In addition, concurrently the summit would provide platforms for exploring financing avenues, developing supply chains, showcasing best products and services through the Investors Meet, Procurement Meet and the MSME Mart.

Investor’s Meet :  Investor Meet will bring together the potential borrowers, lenders, investment promotion agencies and highlight the best lending practices for MSMEs through various different financial products and services. It shall focus on key industry verticals in the SME domain and facilitate the customization of financing options and alternatives for the SME projects . In addition to this the Investors meet would : provide one-to-one meetings between the leading investors and entrepreneurs in the SME sector and provide networking opportunities , as well as provide a toolkit through live and experiential learning from professionals and classroom training by experts who have led business transformation.

Procurement Meet : Procurement Meet is a platform for connecting MSMEs with OEMs/Public Sector Units and large scale corporations. It is an effort to bring together buyers and suppliers from India and overseas through business match making activities on one to one basis. It will help the buyers to reach out to MSMEs and a range of agencies/individuals connected with MSME community (TIER II & TIER III suppliers) as per their procurement requirements and area of interest, at a single platform. On the suppliers side it will provide an opportunities for your company to meet and interact with Procurement/Purchase/Supply Chain Management/Vendor Development  head from OEMs and PSUs in various sector and understand the customer requirements as per changing industry needs.

MSME Mart : Aims to provide an opportunity to Micro, Small and Medium Enterprises to showcase their products , innovations , latest technologies, machineries, equipments and tools. It gives the opportunity to the organizations in the service sector to display their competitive strengths and capabilities in providing business solutions to SMEs in various fields.

Cultural Evening & Reception : An informal networking opportunity to interact with the dignitaries, delegates, speakers, senior bureaucrats, entrepreneurs, potential investors, decision-makers, Govt. & Private organizations, and national  & international participants to develop smart partnerships, potentially rewarding ventures and global linkages.

The focus for the summit is to engage with the SMEs and the SME development agencies, from across the globe. As part of these efforts, CII is launching Roadshows, across the globe, with a view to promote and engage the participation from different countries.

It is expected that the summit shall witness participation of approx. 150+ overseas delegates representing more than 25 countries, and about 400 Indian delegates. Confirmations so far have already been received from United Kingdom,Canada, Columbia, Malaysia, China, Ghana, Rwanda, Egypt, UAE, Bangladesh, Srilanka and Nepal, he added.