Amid enthusiastic young entrepreneurs and global participants, the fifth India International MSME Startup Expo was jointly inaugurated on June 22, 2018, by Union Minister of Commerce and Industry and Civil Aviation Suresh Prabhu, Uttar Pradesh Industrial Development Minister Satish Mahan, and Minister of State (IC) PMO Dr Jitendra Singh in New Delhi.
Inaugurating the event, Suresh Prabhu said, “The Prime Minister made a profound statement that without participation, development, and regeneration of small and medium startups, we cannot succeed as a nation. One of the fundamental and cardinal principles of SMEs is that they take wealth to different corners of the country. SMEs earn money and in process help wealth distribution of that, unlike large industries.”
The three-day event from June 22 to 24, 2018, is being spearhead by the MSME Development Forum, a not-for-profit organisation, which has been at the forefront of growth and promotion of small businesses with a thrust on startups towards building entrepreneurs in India.
The agenda of the expo is to promote entrepreneurship to generate maximum job opportunities. The event will also provide a one-stop global platform to connect, network, partner, and share information with domestic and international SMEs to find new business opportunities.
The organisers expect more than 20,000 visitors, 250 exhibitors, 100 B2G/B2B meetings, 50 Embassies & global participants, 30 banks and investors, 15 PSUs-government departments, and 10 concurrent summits.
Addressing the event, Minister of Industrial Development in the Uttar Pradesh Government Satish Mahana said, “Uttar Pradesh is now ready to welcome all as a new industrial hub. We are ready to address all sorts of issues and also ready to provide assistance.”
The other attendees included Secretary General Uttar Pradesh MP Aggarwal, Additional Chief Executive Noida AK Srivastava, Ambassador of Thailand Chutintorn Gongsakdi, Ambassador of Azerbiajan Ashraf Shilhalvyev, Ambassador of Uzbekistan Farhood Arziev, Minister Counsellor Embassy of Japan Kenko SONE.