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2023 G20 New Delhi Summit: Strengthening of small businesses may be announced at the G-20 meeting in the national capital next week. This was discussed in detail in the ministerial meeting on trade and investment held in Jaipur last week. In this, it is agreed that the prevalence of digital literacy and the reach of entrepreneurs in the small and medium i.e. MSME sector should be increased.
According to the information, the proposal given by India is very important to make MSME entrepreneurs aware of the global market and financial system as well as providing a global level platform. Apart from India, many other countries also do not have a system in place to allow MSME entrepreneurs to reach larger markets. G-20 countries have agreed on India’s initiative.
The G-20 countries expressed confidence that in addition to the successful implementation of the International Trade Center, the Global Trade Help Desk will also be made more effective. This is so that the entrepreneurs of the MSME sector can get business related information and get encouragement from it. After this system is ready, all the information related to meeting the business needs from all over the world will start reaching the Indian businessmen.
6.3 crore MSME entrepreneurs benefited
This will not only increase their orders but will also increase manufacturing activities in the country as a benefit. The country’s 6.3 crore MSME traders will benefit the most from all countries moving together, helping to increase their share of global exports. The central government has long been engaged in identifying global value chains. This will enable Indian industrialists to play a bigger role in global value chains in the coming days.