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16th Global SME Business Summit 2019

Published on September 25, 2019
Current context: 16th Global SME Business Summit 2019 has been inaugurated by the Ministry of MSME in New Delhi on 24th September 2019.
16th Global SME Business Summit 2019 
  • The Summit is organized every year by the Ministry of Micro, Small & Medium Enterprises (MSMEs) and Confederation of Indian Industries (CII).
  • The theme of the summit for this year is “Making Indian MSMEs Globally Competitive”.
  • It focuses on measures to be taken by the government to increase MSME’s present share of 29% of GDP to 50% in the next 5 years and raise its export contribution from 49 % to 60 %.
  • Panel discussion on ‘Can MSME’s Contribute 50 per cent to Indian’s GDP?’ was organised with delegated from 15 countries.
  • A digital MSME portal is in the process to be developed by the Ministry to provide a platform to over 75 lakh currently registered MSMEs with the Ministry, where they can interact globally to fulfil their requirements for funding, knowledge etc.
  • Workshops will be held on Trade through E-Commerce Digitization besides Country and Regional sessions in the summit.

Question: 

Q.1 The Global SME Business Summit is organised by which Ministry every year?
a. Ministry of Petroleum & Natural Gas
b. Ministry of Micro, Small & Medium Enterprises
c. Ministry of Tourism
d. Ministry of Development of North-East Region
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