International delegates to discuss SMEs financing

Delegates of Small and Medium Enterprise industries from 18 countries,were in Chandigarh on Monday to discuss the financing of Micro,Small and Medium Enterprises at CII AVANTHA Centre for Competitiveness for SMEs.

Written by Express News Service | Chandigarh | Published: July 24, 2012 2:38:20 am

Delegates of Small and Medium Enterprise (SME) industries from 18 countries,were in Chandigarh on Monday to discuss the financing of Micro,Small and Medium Enterprises (MSEMs) at CII AVANTHA Centre for Competitiveness for SMEs.

The 33 member international delegation,including 17 women,comprised of delegates from Afghanistan,Serbia,Armenia,Oman,Mauritius,Tanzania,Ghana,Mongolia,Ethiopia,Syria etc.,

“Access to finance is one of the prime areas of concern for Indian SMEs. We are trying to address the concern along with banks and other financial institutions,” said R Narayanan,Head,CII AVANTHA Centre for Competitiveness for SMEs.

He added that it is easy to reach SMEs through Original Equipment Manufacturers (OEMs) as they are able to visualise benefits for SMEs. This leads to strengthening of the supply chain for the big companies and may open up new ways of financing for the SMEs. The delegation is part of the International Programmes on Cluster Development – Emerging Strategy/MSMSE Entrepreneurship (CDES-MSME) and International Marketing & Global Competitiveness (IMGC) ongoing from July 3 to August 3.

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