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Connect India Digital Initiative will give Indian MSMEs access to $3.7 Trn market: WTC

Connect India Digital Initiative will give Indian MSMEs access to $3.7 Trn market: WTC

India’s micro, small and medium enterprises (MSMEs) will have access to USD 3.7 trillion at the Connect India International trade show, which will go live online from August 1 to November 1, the World Trade Center Mumbai said in a press statement on Thursday.

Vijay Kalantri, President, MVIRDC World Trade Center (WTC) Mumbai, who is organizing the show, said, “Indian MSMEs are working to reach markets worth $3.7 trillion across eight focus areas in 10 participating countries including Germany, China, USA, Vietnam, Philippines. For Canada, South Africa and Qatar in this online trade show.

Kalantri, board director of the World Trade Center Association New York, said these 10 countries account for 27 percent of the world’s population, or more than a quarter of the world’s consumer market.

The eight key sectors that the trade show will focus on include engineering, pharmaceuticals and healthcare, renewable energy, agro-processing, auto-components, textiles and home decor, telecommunications and technology and ICT, which together account for 50 per cent of the total We do. India’s total merchandise exports in 2020.

Connect India is an initiative to facilitate at least 500 Indian companies to leverage a global network of 320 WTCs representing over 1 million companies across the globe. The digital platform will also promote technology exchanges, joint ventures, investments and other forms of cooperation with the participating countries.

Scott Wang, Vice President – ​​Asia Pacific, World Trade Centers Association (WTCA), New York, said, “Connect India 2022 is a collaborative initiative between WTC Mumbai and the WTCA’s Market Access Program. I thank WTC Mumbai for being the host of our market access program by launching Connect India 2022. The WTCA Market Access Program will feature match-making events, one-on-one meetings, seminars, dedicated pavilions and booths for exhibitors to promote products and services. of participating companies. ,

The aim of this trade show is to enable our MSMEs to “connect virtually and trade globally,” said Roopa Naik, Executive Director, World Trade Center Mumbai.

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Connect India Digital Initiative will give Indian MSMEs access to $3.7 Trn market: WTC

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