Activities Round Up

Date : 29 Jun to 30 Jun 2016
Place : New Delhi
Organised by : FISME

Commerce Secretary inaugurates India’s Trade Symposium organised by FISME and Commonwealth Secretariat, London

FISME in association with Commonwealth Secretariat, London, organised India’s Trade Symposium, held on 29th July 2016 at hotel Taj Palace, New Delhi which was inaugurated by Commerce Secretary, Ms. Rita Teaotia. She expressed the importance of linking Indian MSMEs with the global value chains to reverse the downward trend in India’s export.

The symposium being held on 29th and 30th June, 2016, is focused towards linking Indian MSMEs with the global value chains leveraging on the availability of inputs at competitive terms from the least developed countries (LDCs) of Asia and Africa.
The Symposium is being attended by over 35 international delegates from Kenya, Ethiopia, Tanzania, Uganda, Malawi, Zambia, Rwanda, Bangladesh and Sri Lanka, besides leading Indian businesses.

Stressing on the importance of Indian exporters developing backward linkage with the Least Developing Countries (LDCs) of Asia and Africa, Ms. Teotia, in her address mentioned that the Duty Free Quota provided in the Foreign Trade Policy 2015, for import from LDCs, should be leveraged by the Indian exporters for supply to global Brands at competitive prices.

In his welcome address Dr.SangamKurade, President FISME, stressed on developing global value chains by Indian exporters to survive in the global economic turmoil. A country of India’s size and potential cannot afford to be drowned by the global trends, in fact we need to set the trends, he opined.

The two day interactive programme will be addressed by Mr KK Jalan Secretary, Ministry of MSME; Minister of Industrialisation and Trade of African countries, besides senior officers from the Ministry of Commerce and Indian and African think tanks on trade and commerce.

At the symposium, the scope for starting India’s Commonwealth SME Association will also be discussed. This Association will provide a sustainable platform where the Indian firms can connect to the SMEs in LDCs and the region in order to source inputs for their lead products.