Opportunities of working with Indian MSMEs

• India is among the three most attractive FDI destinations and largest economies in the world.
• India is one of world’s leading technology centers with the highest return on foreign investment in the world.
• India is a developed country as far as Intellectual Property is concerned.
• An increasing presence of multinationals and an upswing in IT exports are the two major core advantages of the Indian market.

All these factors listed above indicate the current outlook of the world economy towards the investments in India. The Indian Government has always given top priority to the Indian SMEs, contributing to their growth and the Indian economy. In order to make them competitive in the international markets the government has introduced incentives for the SMEs. The Government has also introduced priority sector lending and has made it mandatory on the domestic and foreign banks to lend 40% and 32% of their Net Bank Credit (NBC) to the SMEs. Thus, providing easy access to finance.

All these opportunities also exist for foreign MSMEs who are looking to setting up the new business and expand in the Indian market in the field of technology transfer and obtaining the sub-contracting rights, out-sourcing to their Indian partners etc.

Opportunities of working with European MSMEs

• Europe is the world's largest trading block with home to more than 500 million customers.
• It is the biggest exporter of manufactured goods and services and the largest export market for more than a hundred countries.
• Its Single market allows the free movement of goods in any country of Europe.
• The graying population forms the large part of the Europe populace providing opportunities in age-related demands such as health care, financial services, tourism and leisure and consumer products.
• There is a tremendous stress on the use of clean technologies like wind turbines, carbon finance, capture and storage, smart buildings and cities, water management technologies, and agribusiness paving the way for technology transfer.
• The advanced technology of the European MSMEs will allow Indian MSMEs to incorporate their technology in their businesses to become globally competitive.
• Europe's rising income levels, increased access to credit and middle-class consumers create huge demand in the emerging consumer markets such as automobiles, insurance and banking, consumer electronics, health care etc.
• The excellent network of transport systems and high level of infrastructure growth provides excellent connectivity between various business cities of Europe.
• Europe policy and framework help to grow the businesses and become competitive.
• Basic Growth conditions like low levels of bureaucracy, favorable tax and regulatory regime, access to finance and skilled staff to hire enable Europe industry to prosper which will favor Indian MSMEs looking to expand their operations to Europe.
• European ICT enabled businesses will help assist Indian MSMEs to harness the ICT potential. Thus, making us more competitive.
• The bilateral trade figures between India and Europe indicate the vast potential that Indian MSMEs can tap in the Europe market.
• European new green technologies would enable Indian MSMEs to tap into green technologies, build their competitiveness and transfer the technologies back to India.

The above listed points clearly indicate the vast potential of the Europe SMEs. The support of the European Government towards fostering MSMEs has been tremendous which will help Indian MSMEs to become globally competitive.