19 Apr 2018: UPSC Exam PIB Summary & Analysis

Regional Conference on “Urban Development: Technological Solutions and Governance Challenges”

  • It was organised by The Ministry of Finance, Government of India in collaboration with the Associated Chamber of Commerce and Industry of India (ASSOCHAM), Gujarat Council along with Asian Infrastructure Investment Bank (AIIB), Research and Information System for Developing Countries (RIS), an autonomous research organization.
  • The 2-day Regional Conference on “Urban Development: Technological Solutions and Governance Challenges” began in Ahmedabad.
  • The event was attended by eminent experts, policy practitioners, officials from central government, industry leaders, bilateral partners and representatives of the Multilateral Development Banks including AIIB to deliberate on the pertinent issues relating to financing, institutional and regulatory environment, technological options for sustainable future, financial sustainability and other relevant aspects.

 

International SME Convention-2018

  • It is the first ever International SME conference organized by The Ministry of MSME.
  • One hundred and fifty participants from 31 countries and 400 entrepreneurs from India will participate in the four day International SME convention being held in New Delhi.
  • The Ministry of MSME has engaged with over 35 International Trade Development organisations to attract and invite able and willing entrepreneurs and encourage people to people contact with select Indian Entrepreneurs from key sectors of the International counterparts.
  • The convention has specific focus on inclusion of MSMEs in the Make in India program & empowering women entrepreneurs.

Background

  • India is home to more than 60 million MSMEs, majority of who are in low-tech areas and serve the local domestic markets.
  • Of these, a small percentage, have the ability and capability to derive access to International Markets, with the vast majority of enterprises working as ancillaries. 
  • Together the MSMEs constitute a single largest employer after the Agriculture sector in India.
  • Highly developed economies have banked on their small and medium enterprises for both GDP Growth as well as higher employment resulting in higher per capita incomes.

 

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