Interaction on ‘Opportunities for MSMEs on International Trade’ held

Interaction on ‘Opportunities for MSMEs on International Trade’ held

July 7, 2019

Mysuru: Mysore Chamber of Commerce and Industry (MCCI), in association with Export – Import Bank of India (Exim Bank), Federation of Indian Export Organisations (FIEO), Bengaluru, had organised an interaction on the theme ‘Opportunities for MSMEs on International Trade’ on July 4 at Hotel Raddison Blu in city.

The session was attended by Industry stakeholders from Karnataka, with speakers from Exim Bank, Government, the Directorate General of Foreign Trade, Industry Players, the Federation of Indian Export Organisations, and ECGC Ltd.

Devasish Paul, IRS, Assistant Commissioner, Mysuru Customs, who was the chief guest, highlighted  Karnataka’s strength in terms of the large base of software companies, robust infrastructure facilities and a skilled labour pool.

He outlined how the policy environment in the State has not only helped drive growth of the larger enterprises but also facilitated growth in the State’s MSME segment. 

Speaking on the occasion,  Utpal Gokhale, General Manager, Exim Bank, noted that Karnataka accounts for nearly 6 percent of India’s total MSMEs and the sector is poised for rapid growth and interaction with global value chains as the State continues to receive strong FDI inflows.

Gokhale also spoke of the Bank’s inclusive approach to export financing for grassroots level firms in Karnataka, through not only financial support, but also capacity-building, skill development and export marketing.

Sandeep Kumar, Deputy General Manager and Regional Head at Exim Bank’s Bengaluru Regional office, reiterated the substantial contribution of MSMEs to economic output, exports and employment. 

He outlined the significant scope for MSME exporters to leverage Exim Bank Programmes, such as Market Advisory Services (MAS) and Grassroots initiative and Development (GRID) in pursuit of fulfilling their ambitions and establishing a presence in the International Market.  

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Sandeep Kumar highlighted some success stories of support to artisans and entrepreneurs in Karnataka.  He apprised exporters about ‘Exim Mitra’ — a portal offering a diverse range of information, advisory and support services, which reach out to potential as well as existing exporters to enable them evaluate international risks exploit export opportunities, and improve competitiveness.


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