Tri-nation small business summit for joint cooperation

New Delhi, Nov 19 (UNI) Micro, Small and Medium Enterprises (MSME) Minister Mahabir Prasad has called for synergy between the MSMES of India, Brazil and South Africa (IBSA) to meet the global challenges.

''This synergy will not only improve the competitiveness of small enterprises but will also enable them to enhance their participation in the global market,'' Mr Prasad said. inaugurating the third tri-nation summit for small business development at Faridabad last evening.

Pointing out that India was preferring promotional approach to protection approach for MSMEs, he said several steps have been taken to build up the competitive strengths of such enterprises and improve their product quality.

Mr Dinesh Rai, Secretary, Ministry of MSME, said the need of the hour was for the MSMEs of India, Brazil and South Africa to identify areas of mutual cooperation.

''The collaborative efforts of NSIC, SEBRAE and SEDA have given excellent opportunities to MSMEs of the three countries to form alliances and withstand global challenges together,'' he added.

The delegates from the participating countries expressed the hope that the summit would provide a platform for meaningful business linkage between small enterprises of the three countries.

As many as 55 delegates representing Brazil and South Africa are participating in the summit, besides those from India.

After a series of successful talks organised earlier in South Africa and Brazil the third tri-nation summit promises to strengthen the existing relationship between the IBSA countries.

UNI YJ AK UCS1736