- The 16th Global SME(Small and Medium Enterprises) Business Summit for 2019 was held in New Delhi under the theme “Making Indian MSMEs Globally Competitive” on September 24-25, 2019. The summit organized by Ministry of Micro, Small and Medium Enterprises (MSME) and Confederation of Indian Industries (CII) was inaugurated by union minister for MSME and Road Transport & Highways Mr Nitin Gadkari in the presence of Arun Kumar Panda, Secretary, MSME and others.
Key Points:
- It was attended by more than 500 delegates from over 15 countries.
- The target of the government is to increase MSME’s share of 29% of GDP (Gross Domestic Product) to 50% in the next 5 years and raise its export contribution from 49% to 60%.
About CII:
- Founded: 1895
- Headquarters: New Delhi
