100 Indian MSMEs to participate in Singapore export forum to boost trade in ASEAN region

Over 100 Indian MSMEs will participate in the Singapore export forum that seeks to promote India's export-oriented industries in the strategic ASEAN region, reported PTI. The forum is titled ‘India-Singapore Trade: Sustainability, Strengths and Strategies – Making it Work for Smaller Businesses.’

The business forum and an exhibition are being organised as part of the India Week. The event will showcase a range of Indian offerings in ayurveda, cinema, food, lifestyle, handicrafts, literature, music, tourism, and yoga.

Jawed Ashraf, India's High Commissioner to Singapore, told PTI, "The forum aims to promote important export-oriented industries in the ASEAN region from Singapore, which is a regional hub and gateway to the Southeast Asian markets."

Ashraf added that Indian MSMEs account for 45 percent of total Indian exports, and 40 percent of the country's manufacturing output. "As such, it is important to promote enterprises from the MSME sector in export markets," he said.

The forum seeks to boost India’s exports in Thailand, Vietnam, Indonesia, Malaysia, the Philippines, Singapore, Myanmar (Burma), Cambodia, Laos, and Brunei.

Ganesh Kumar Gupta, President, Federation of Indian Export Organisations, is set to provide his insights into the wide range of exports available for the regional markets.

Additionally, it was announced earlier this month that a delegation of Indian MSMEs would attend  the Taipei International Machine Tool Show (TIMTOS), Asia’s second largest machine tool trade show.

The Federation of Indian Micro and Small and Medium Enterprises (FISME), the apex body for MSME associations in India, is organising their participation. For this, FISME has invited applications from MSMEs interested in being a part of the delegation.

The selected businesses will attend the 27th edition of TIMTOS, which is organised by Taiwan External Trade Development Council, and Taiwan Association of Machinery Industry, from March 4 to 9, 2019. TIMTOS is a platform for domestic and international companies to showcase their latest products.

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