Trade, import and export for MSMEs: MSME help and improvement organization National Small Industries Corporation (NSIC) would now be assisting micro, modest and medium enterprises working with the Agricultural and Processed Food Products Export Development Authority (APEDA) across many locations. NSIC, by means of an MoU with APEDA, will support its MSME members in the export possible of their agricultural and processed foods merchandise. Apart from exports, APEDA members would also get access to NSIC schemes to address concerns about technologies adoption, capabilities, solution high-quality, and industry access. The tie-up would also “support the promotion of green & sustainable manufacturing technology for the MSME clusters so as to enable units to switch to sustainable and green production processes and products,” Commerce Ministry mentioned in a statement.
Emails to Dr Sudhanshu, Secretary, APEDA, and P Udayakumar, Director (Planning and Marketing), NSIC looking for comments for this story have been sent. The two had signed the MoU on Wednesday.
APEDA and NSIC will also facilitate the participation of MSMEs in fairs of international level such as B2B & B2C fairs to be organized in India and abroad. Also, the two organisations will work towards international organization improvement and promotions. Moreover, APEDA and NSIC also agreed to facilitate help from government schemes towards capacity constructing of MSMEs for their social and environmental compliances and skilling as per international requirements.
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The country’s meals processing industry is most likely to see its output attain $535 billion by 2025-26 though the sector is anticipated to produce 9 million jobs by 2024, according to India Brand Equity Foundation. India’s agriculture sector, which is the key supply of livelihood for about 58 per cent of India’s population, had Gross Value Added (GVA) by agriculture, forestry and fishing at about $276.37 billion in FY20. The government is most likely to bring out an Agro MSME Policy to drive entrepreneurship in India’s hinterland. MSME Minister Nitin Gadkari in the course of an on-line occasion in May final year had mentioned that the Ministry is working on bringing out an Agro MSME Policy which will concentrate on entrepreneurship improvement in rural, tribal, agricultural, and forest locations for manufacturing merchandise working with neighborhood raw material.