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Institute of Directors (IOD), the apex body of corporate directors in the country, will organise the first edition of its Micro, Small and Medium Enterprises (MSME) Summit 2019 in the city on February 16.
The theme for the summit, ‘Roadmap towards Excellence’, will bring together trade associations and delegates from the MSME sector to gain insights into emerging opportunities and prospects for the segment.
Sectoral issues
The summit will deliberate on the key challenges faced by the sector, such as ease of doing business, easy access to credit, impact of major policy reforms despite various initiatives taken by the Central and State governments to promote the MSME sector.
Currently, MSME sector contributes about 7 per cent of India’s Gross Domestic Product (GDP), 45 per cent of total manufacturing output, and 40 per cent of Indian exports and employs over 117 million people.
Growth prospects
“MSMEs are in a unique position to become global players attracting partners with technology and funds. These enterprises impart the resilience to withstand economic upheavals and maintain a reasonable growth rate since being indigenous is the key to sustainability and self-sufficiency,” said MS Sundara Rajan, Chairman, IOD - Chennai region, and former CMD of Indian Bank.
Event partners
The event is supported by MSME Development Institute and the Union Ministry of Micro, Small and Medium Enterprises. BusinessLine is the media partner.
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