November, 2010 - CII

November, 2010 - CII

manufacturing services

companies to the small businesses has been developed,

which includes business modeling, expertise, quality up

gradation, manufacturing processes etc.

Mr. Suresh Kumar, Director General and Assistant

Secretary, US. Foreign Commercial Service, US

Department of Commerce, underlined the commitment

of the US towards forging stronger bonds of cooperation

between the SMEs in both the countries. Green and

Clean Energy, Infrastructure development, Broadband

Services, Railways, Airports, and Education are some

important areas of collaboration where both countries

can benefit, he said, adding that India has the need

and US is willing to forge partnership to take this sector

forward. Mr. Kumar was accompanied by a 30 member

trade delegation.

Mr. Ramesh Datla, Chairman, CII National MSME

Council called for providing procurement incentives

to help the MSME sector become more competitive.

Enhanced depreciation on IT products, establishment

of SME exchange, simplification of labour laws and

the creation of a uniform credit rating format and

processes will facilitate credit availability for the MSMEs,

he said.

“One major characteristic of a MSME is its dependence

on large corporates/end users, vis-à-vis the demand

and resultant remittances. This again highlights the

need to build the links between large companies

and MSMEs,“ said Mr. Venkatesh Rajgopal, Co-

Chairman, CII National MSME Council, and Chairman

and Managing Director, Celebrity Fashions Ltd said.

‘Any future agenda, hence, needs to encourage the

development of MSMEs in an environment of increased

economic interdependence and open regionalism”

he said.

CII’S India SME Summit drew huge participation

from over 25 countries and included delegations

from Switzerland, China, Sudan, Slovakia and others.

The Summit was addressed by eminent national

and international speakers like Mr. Dale Tasharski,

Commercial Counsellor, US Embassy, and Mr. Ibukun

Adebayo, London Stock Exchange. The other highlights

of the summit were the SME Mart & Buyer – Seller meet,

where more than 300meetings brought together seven

major buyers, including BHEL, Defence Procurement,

Ministry of Defence, and Honda Motorcycles and more

than 50 sellers.

30 | November 2010 Communiqué

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