9th India International MSME Expo & Summit 2023 Inaugurated

The 9th India International MSME Expo and Summit 2023 was inaugurated by the Lieutenant Governor of Jammu and Kashmir, Shri Manoj Sinha, at Pragati Maidan, New Delhi. This significant event, hosted by the MSME Development Forum, provided an important platform for policymakers and entrepreneurs in the Micro, Small & Medium Enterprises (MSME) sector to come together, fostering collaboration and contributing to the economic growth of the country.

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About the India International MSME Expo & Summit

The India International MSME Expo & Summit is a trade fair and summit that showcases the products and services of micro, small, and medium enterprises (MSMEs) from India and abroad. The event is organized by the MSME Development Forum, a non-profit organization that works to promote MSMEs in India.

About the 9th India International MSME Expo & Summit

The 9th India International MSME Expo and Summit 2023 in New Delhi stands as India’s sole international expo and trade fair in the post-Covid era.

It is exclusively designed for Small and Medium Enterprises (SMEs), startups, trade, and industry professionals.
This event serves as a vital global platform for networking, showcasing products and services, and discovering new business prospects, markets, ideas, buyers, sellers, raw materials, technologies, joint ventures, collaborations, investments, research opportunities, and market insights.
Additionally, it facilitates the exchange of knowledge about the latest promotional schemes, policies, and legislations from both Central and State Governments, and provides avenues for Business-to-Government (B2G), Business-to-Business (B2B), and Business-to-Consumer (B2C) interactions.

Objectives

The objectives of the 9th India International MSME Expo & Summit are:

To provide a platform for MSMEs to showcase their products and services to a wide audience of buyers and investors from India and abroad.
To create awareness about MSMEs and their contribution to the Indian economy.
To facilitate trade and investment between MSMEs from India and abroad.
To promote innovation and entrepreneurship among MSMEs.
To provide MSMEs with access to the latest technologies and trends.
To help MSMEs expand their reach to new markets.
To network with other MSMEs and share resources.
To provide MSMEs with access to finance and government support.

The India International MSME Expo & Summit is a major event for the MSMEs in India. It is a great opportunity for businesses to grow and succeed.

Why India?

Leading the world’s fastest-growing economies
Top preference for international Tech MNCs to establish R&D centers
Second-largest market for smartphones
Ranking third globally in the number of scientists and technicians
Home to the third-largest startup ecosystem
Third-largest construction market by 2022

Drivers of India Growth Story

Favorable Demographic:
- Young Population: 1.35 billion people with a median age of 28.4 years.
- Abundant Skilled Workforce: Over 65% of the population is of working age.
- Urbanization Trend: Every minute, 34.47% of people move to urban areas.
Open Economy:
- 100% Foreign Direct Investment (FDI) in Aviation Sector: Offers an $80 billion opportunity.
- 100% FDI in Smart Cities: Presents a $150 billion opportunity.
- FDI in Manufacturing on Automatic Route: Streamlined investment processes.
Proactive Governance:
- Flagship Initiatives: Self-reliant India, Make in India, Digital India, Skill India.
- Reduced Regulatory Burden: Simplification of over 6000 laws.
- Simplified Tax Regime: GST (Goods and Services Tax), Corporate Taxes.
Huge Market Base:
- Growing Consumer Market: Projected 10.29% growth rate, aiming to reach $5 Trillion by 2025.
- Upward Mobility: Expected addition of 150 million to the middle class by 2025.
- Tripling Income Levels by 2025: Significant rise in income levels anticipated.

Shubham Mittal

Shubham Mittal is a renowned current affairs writer and expert in government exam preparation, inspiring readers with insightful articles and guiding aspirants with his expertise.

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