Mahabir to visit China to firm up ties in SME sector

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New Delhi, Oct 26 (UNI) Micro, Small and Medium Enterprises Minister, Mahabir Prasad, will lead a delegation to China tomorrow, to attend a two-day Asia-Europe Meeting (ASEM) on Small and Medium Enterprises (SMEs).

The ministerial meeting will aim at enhancing cooperation among SMEs in ASEM countries, strengthening regional cooperation of industrial clusters, and expanding mutual investment areas.

The member countries will also discuss policies and measures for better adapting to globalisation, and ways to improve the capacity of innovation and competitiveness of the SMEs.

During the meeting, Mr Prasad will speak on cooperation among the SMEs.

Mr Mahabir will also interact with leaders of various ASEM countries on the development of the SME sector, with emphasis on cluster development.

Accounting for more than 95 per cent of all enterprises in most of the ASEM countries, SMEs act as a main driving force of technological innovation, expanding employment and boosting economic growth.


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