New Delhi: Secretary (MSME) BB Swain has said that the IBSA forum plays an important role in creating awareness about the strengths, opportunities and challenges of MSMEs and help in creating markets for finished products and provide hand-holding support to MSMEs through capacity building trainings, exchange of best practices and technologies.
Inaugurating the IBSA 6th Tri-nation Virtual Conference on Small and Medium sized Enterprises (SME), Swain stated that these meetings are being held with the objective to promote trade, understand trade barriers, facilitate investments through collective efforts towards better collaborations amongst the three nations.
IBSA is a unique Forum which brings together India, Brazil and South Africa, three large democracies and major economies from three different continents, facing similar challenges.
The Conference was hosted by the Ministry of MSME last week in association with the National Small Industries Corporation Ltd (NSIC), Brazilian Micro and Small Business Support Service (SEBRAE), Department of Small Business Development (DSBD) and Small Enterprise Development Agency (SEDA), South Africa.
The conference is an important initiative to enhance cooperation amongst the IBSA members in MSME sector synergizing the competencies and inherent strengths of each country. A roadmap will be drawn based on the deliberations held during the sessions to strengthen MSMEs networking, to help overcome the challenges and make the MSMEs competitive on the global platform.