Financial Daily from THE HINDU group of publications
Wednesday, Apr 27, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Industry & Economy - SSI


Commonwealth SME meet — enterprising

M. Ramesh

Chennai , April 26

WHEN the curtains fell on the Second Commonwealth-India Small Business Competitiveness Programme, delegates from the 35-odd countries who participated in the five-day meet had a lot to take home.

The 72 members were drawn from bureaucracy, industry associations and industry (a third from each) and the most tangible outcome of the meet was the networking at the enterprise level, says Mr Ram Venuprasad, Adviser (Enterprise), Special Advisory Services Division, Commonwealth Secretariat.

The networking is expected to pave the way for business deals. A senior official from the Government of Namibia has expressed interest in sourcing products from the Chennai-based Super Auto Forge Ltd, a Rs 120-crore company which the Commonwealth team visited.

Delegates from Sri Lanka have evinced interest in buying hammocks from Inca Hammock Manufacturing & Export (P) Ltd, a Rs 23-crore small-scale unit in Chennai, which supplies directly to Wal-Mart, among other leading retailers in the West. The visitor from Fiji, too, has asked if his company could represent Inca in his country.

The team visited the Kuthambakkam village of Tiruvallur district, near Chennai. The village panchayat has pioneered a model of development in which the villagers make use of local resources to produce a range of products such as groundnut oil and soaps. The concept of self-help groups is at play. Brig Akhtar Zamin, Principal Secretary to the Governor of Sindh, Pakistan, was among those who were impressed with the Kuthambakkam model. Brig Zamin told Business Line that he would push for replicating the model in Pakistan.

At the meet, three formal agreements were signed, two of them between the Caribbean Association of Industry and Commerce and the National Small Industries Corporation, Delhi, and the Exim Bank of India. The third was between the Ministry of Small and Rural Industries, Government of Sri Lanka and Tanstia-FNF. Tanstia-FNF is a collaborative venture between the Tamil Nadu Small and Tiny Industries Association and the Friedrich-Neumann Foundation of Germany, to provide training, marketing and escort services to small and tiny enterprises.

These agreements basically pledge co-operation in small and medium business development and speak of sharing of knowledge and resources.

The meet was a good example of South-South co-operation, observes Mr Venuprasad, who co-ordinated the whole programme from the Commonwealth Secretariat side.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section
Project for youth in AP


The great growth story
Hiccups, yet Mumbai marches on!
Starting up a brand new day
City of Hope
Why financial planning?
ESCAP pegs India's GDP growth rate at 7.5 pc
Plan panel to prepare discussion paper on regulatory regime
Shipping Ministry urged to carry out studies for Sethusamudram project
Saving the turtle
`Time to come out with FDI-based ties with Japan'
Aiyar to visit Pak next month
AP raises ESI limit on super-speciality treatment to Rs 1 lakh
Nursing Council directive
USAID to help develop pool finance structure in Bengal
Govt to build 42 flyovers in Mumbai
Salem Steel Plant aims at 40 pc increase in production
`Viability is key to investment in melting shop'
Left parties urge Govt not to raise petro prices
Development, expansion of Tapti gas field: British Gas-ONGC-Reliance joint venture plans to invest $500 m
Power Tariff Policy to be finalised soon
Orissa not to allow setting up of new sponge iron units
Some mass consumption items exempted from VAT — Consensus reached on convergence of rates
VAT: Promos on consumers' rights soon
`Trade response to VAT disappointing'
Commonwealth SME meet — enterprising
Nickelodeon in tie-up with Bombay Dyeing
Western Australia keen on biotech alliances
`East can attract $125 b investment in minerals'
Resurgent India
`Investment boom will follow Japanese PM's visit'
CII-APTDC workshop
Guatemala takes flavour off cardamom exports
EU to launch probe into sharp surge in Chinese textile imports
IOC to step up crude import from Iraq
Services Export Promotion Council gets off the ground — L.B. Singhal is Executive Director
Global demand for eco-lodges expected to rise by 10 pc
Airport officials taught to be tourist-friendly


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line