Chief Minister Bhupendra Patel Inaugurates IACC-MSME Centre of Excellence in Ahmedabad
The Indo-American Chamber of Commerce (IACC) launched its first ‘IACC-MSME Centre of Excellence’ at the KCG auditorium, i-HUB campus in Ahmedabad. The event was inaugurated by Chief Minister Bhupendra Patel.
Importance of MSMEs in Gujarat
Chief Minister Bhupendra Patel highlighted the crucial role of Micro, Small, and Medium Enterprises (MSMEs) in Gujarat’s economy. He mentioned that there are 19.80 lakh registered MSMEs in the state, providing employment to 1.07 crore people. Patel emphasized that the quality of services like electricity and roads has improved, making Gujarat a preferred location for industries.
Strengthening India-US Industrial Relations
Patel also noted that the new Centre of Excellence will strengthen industrial relations between India and the United States. He reiterated Prime Minister Narendra Modi’s vision of providing a global platform for Gujarat’s industries through initiatives like the Vibrant Gujarat Summit.
Support from IACC
IACC President Pankaj Bahora spoke about the significance of the Chief Minister’s presence and the strong industrial ties between Gujarat and the US. He explained that the Centre aims to equip MSMEs with the skills and knowledge needed to navigate global markets and enhance their export capabilities.
Future Plans
Pankaj Bohra, National President of IACC, stated that the Centre will help MSMEs tap into opportunities in the US market by addressing challenges and providing necessary tools and guidance. He also mentioned plans to launch similar Centres of Excellence in other cities.
Collaborations and Conference
The IACC has signed Memorandums of Understanding (MOUs) with the National Skill Development Corporation and other organizations to support MSMEs. They are also collaborating with the US Embassy to ensure the initiative’s success. The launch event included a day-long conference focusing on empowering MSMEs for future-ready exports, export finance, and export incentives.
Doubts Revealed
Chief Minister -: A Chief Minister is the head of the government in an Indian state. Bhupendra Patel is the Chief Minister of Gujarat, which means he is the top leader of the state.
IACC -: IACC stands for Indo-American Chamber of Commerce. It is an organization that helps businesses in India and the USA work together and grow.
MSME -: MSME stands for Micro, Small, and Medium Enterprises. These are small businesses that play a big role in creating jobs and helping the economy grow.
Centre of Excellence -: A Centre of Excellence is a place where experts work together to improve skills, share knowledge, and support businesses to become better.
Ahmedabad -: Ahmedabad is a big city in the state of Gujarat, India. It is known for its rich history and as a major business hub.
Pankaj Bahora -: Pankaj Bahora is the President of the Indo-American Chamber of Commerce. He helps lead the organization and its activities.
MOUs -: MOUs stand for Memorandums of Understanding. These are agreements between organizations to work together on certain projects or goals.
