{"id":133297,"date":"2023-08-11T16:34:30","date_gmt":"2023-08-11T11:04:30","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=133297"},"modified":"2023-08-11T16:34:31","modified_gmt":"2023-08-11T11:04:31","slug":"9th-india-international-msme-expo-summit-2023-inaugurated","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/9th-india-international-msme-expo-summit-2023-inaugurated\/","title":{"rendered":"9th India International MSME Expo &#038; Summit 2023 Inaugurated"},"content":{"rendered":"\n<p><strong>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.<\/strong> This significant event, hosted by the MSME Development Forum, provided an important platform for policymakers and entrepreneurs in the Micro, Small &amp; Medium Enterprises (MSME) sector to come together, fostering collaboration and contributing to the economic growth of the country.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">About the India International MSME Expo &amp; Summit<\/h2>\n\n\n\n<p>The India International MSME Expo &amp; 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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About the 9th India International MSME Expo &amp; Summit<\/h3>\n\n\n\n<p><strong>The 9th India International MSME Expo and Summit 2023 in New Delhi stands as India&#8217;s sole international expo and trade fair in the post-Covid era.<\/strong> <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is exclusively designed for Small and Medium Enterprises (SMEs), startups, trade, and industry professionals. <\/li><li>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. <\/li><li>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.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Objectives<\/h3>\n\n\n\n<p>The objectives of the 9th India International MSME Expo &amp; Summit are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To provide a platform for MSMEs to showcase their products and services to a wide audience of buyers and investors from India and abroad.<\/li><li>To create awareness about MSMEs and their contribution to the Indian economy.<\/li><li>To facilitate trade and investment between MSMEs from India and abroad.<\/li><li>To promote innovation and entrepreneurship among MSMEs.<\/li><li>To provide MSMEs with access to the latest technologies and trends.<\/li><li>To help MSMEs expand their reach to new markets.<\/li><li>To network with other MSMEs and share resources.<\/li><li>To provide MSMEs with access to finance and government support.<\/li><\/ul>\n\n\n\n<p>The India International MSME Expo &amp; Summit is a major event for the MSMEs in India. It is a great opportunity for businesses to grow and succeed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why India?<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Leading the world&#8217;s fastest-growing economies<\/li><li>Top preference for international Tech MNCs to establish R&amp;D centers<\/li><li>Second-largest market for smartphones<\/li><li>Ranking third globally in the number of scientists and technicians<\/li><li>Home to the third-largest startup ecosystem<\/li><li>Third-largest construction market by 2022<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Drivers of India Growth Story<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Favorable Demographic:<\/strong><ul><li>Young Population: 1.35 billion people with a median age of 28.4 years.<\/li><li>Abundant Skilled Workforce: Over 65% of the population is of working age.<\/li><li>Urbanization Trend: Every minute, 34.47% of people move to urban areas.<\/li><\/ul><\/li><li><strong>Open Economy:<\/strong><ul><li>100% Foreign Direct Investment (FDI) in Aviation Sector: Offers an $80 billion opportunity.<\/li><li>100% FDI in Smart Cities: Presents a $150 billion opportunity.<\/li><li>FDI in Manufacturing on Automatic Route: Streamlined investment processes.<\/li><\/ul><\/li><li><strong>Proactive Governance:<\/strong><ul><li>Flagship Initiatives: Self-reliant India, Make in India, Digital India, Skill India.<\/li><li>Reduced Regulatory Burden: Simplification of over 6000 laws.<\/li><li>Simplified Tax Regime: <a href=\"https:\/\/www.oliveboard.in\/blog\/gst-full-form\/\" target=\"_blank\" rel=\"noreferrer noopener\">GST<\/a> (Goods and Services Tax), Corporate Taxes.<\/li><\/ul><\/li><li><strong>Huge Market Base:<\/strong><ul><li>Growing Consumer Market: Projected 10.29% growth rate, aiming to reach $5 Trillion by 2025.<\/li><li>Upward Mobility: Expected addition of 150 million to the middle class by 2025.<\/li><li>Tripling Income Levels by 2025: Significant rise in income levels anticipated.<\/li><\/ul><\/li><\/ul>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/what-is-money-market\/\" aria-label=\"Money Market Quiz, Get FREE PDF: Part 2\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/04\/Money-Market-Quiz-Part-2.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/what-is-money-market\/\">Money Market Quiz, Get FREE PDF: Part 2<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/money-market-quiz\/\" aria-label=\"Money Market Quiz, Get FREE PDF: Part 1\"><img loading=\"lazy\" decoding=\"async\" width=\"128\" height=\"84\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/04\/Money-Market-Quiz-Part-1.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"Money Market Quiz, Get FREE PDF: Part 1\" style=\"\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/money-market-quiz\/\">Money Market Quiz, Get FREE PDF: Part 1<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/www.oliveboard.in\/blog\/important-questions-on-banking-awareness\/\" aria-label=\"Important Questions on Banking Awareness, FREE PDF &amp; 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