Today: 31 July 2025
18 January 2022
1 min read

India opens MSME floor at Dubai Expo

India on Monday opened a floor at Expo 2020 Dubai devoted to Micro, Small and Medium Enterprises (MSME), a highly vibrant and dynamic sector of the Indian economy…reports Asian Lite News

The Minister for MSME, Narayan Rane, said micro, small and medium enterprises employ 110 million Indians in such enterprises and has become a “significant contributor to economic growth with over 30 per cent contribution to GDP and accounts for over 48 per cent of overall exports from India.”

A readout by his Ministry hoped that participation in Expo 2020 Dubai will enable interaction by this sector of the Indian economy with governments of various countries as well as global business and industry leaders, which would help in adoption and exchange of best practices from across the world. It will also help to promote better understanding about the MSME ecosystem in India.

Sunjay Sudhir, India’s Ambassador to the UAE, highlighted the importance of MSMEs in the socio-economic development of India at the inauguration of the MSME floor.

ALSO READ: Dubai Silicon Oasis partners with India Innovation Hub

The rationale in opening the special floor at Expo 2020 Dubai is India’s record in providing large employment opportunities at comparatively lower capital cost through MSMEs and their role in the industrialization of rural and economically backward areas.

MSMEs in India include Khadi and Village Industries (KVI), two national heritages of India. Khadi means hand spun natural cloth, which was a symbol of India’s freedom struggle. At today’s inauguration, Rane launched “Khadi India,” a film produced by KVI Corporation.

Coir, an agro-based traditional industry, which originated in Kerala state and proliferated to other coconut producing provinces is also part of MSMEs in India. In recent years, the acceptability of Coir products has increased worldwide due to its environment friendly composition.

Previous Story

Dubai Silicon Oasis partners with India Innovation Hub

Next Story

‘UAE keen to seize economic opportunities of energy transition’

Latest from -Top News

Netanyahu Blasts UK Over Palestine Plan

Israeli Prime Minister Benjamin Netanyahu sharply criticised UK Prime Minister Keir Starmer over his plan to recognise the State of Palestine, accusing him of rewarding “monstrous terrorism” of Hamas. “Starmer rewards Hamas’s

India, Syria Eye Closer Ties

In addition to the meeting with the Syrian Foreign Minister, the Indian delegation also held discussions with Syrian Health Minister Musab Al-Ali on Monday….reports Asian Lite News An Indian delegation, currently on

Syria Needs Order, Says UN Envoy

Pedersen expressed concern about credible reports of widespread violations and abuses in Sweida, including summary executions…reports Asian Lite News UN Syria Envoy Geir Pedersen urged interim authorities to act with professionalism and

Killing Fields of Gaza

While Israeli airstrikes on Gaza continue to dominate global headlines after hundreds of days of conflict, a parallel and equally devastating crisis is unfolding — one that receives far less attention: deepening

Palestine: UK MPs Urge PM to Emulate France

Global condemnation has been growing over Israel’s blockade of most aid with reports of starvation and widespread malnutrition in Gaza Keir Starmer has confirmed the government will be “taking forward” plans to
Go toTop

Don't Miss

Jaishankar’s visit cements India-UAE strategic ties 

The visit saw engagements with top Emirati leadership and participation

What Propels India Towards 3rd Largest Economy

In PPP terms, India is already the third-largest economy globally.