Gujarat CM launched IACC's Centre of Excellence for MSME

Current Context: Gujarat Chief Minister Bhupendra Patel inaugurated the Indo-American Chamber of Commerce’s (IACC) first Centre of Excellence for MSMEs in Ahmedabad on August 8, 2024.

• This center aims to bolster the export capabilities of Micro, Small, and Medium Enterprises (MSMEs) and strengthen their role in India’s economic growth.
• The Chief Minister highlighted that MSMEs are the backbone of the economy and emphasized the importance of initiatives like ease of doing business and supportive policies.
• This center is expected to enhance industrial relations between India and the United States.

Question:

1 What is the primary objective of the Indo-American Chamber of Commerce’s (IACC)’s Centre of Excellence for MSMEs inaugurated in Ahmedabad?

• A) To provide loans to MSMEs
• B) To offer technological support to MSMEs
• C) To enhance the export capabilities of MSMEs
• D) To provide training for MSME workers

Answer: C) The Indo-American Chamber of Commerce’s (IACC)’s Centre of Excellence for MSMEs focuses on bolstering the export capabilities of Micro, Small, and Medium Enterprises to strengthen their role in India’s economic growth.