The Global Economic Summit is the flagship annual event of MVIRDC World Trade Centre Mumbai and All India Association of Industries.
The 7th edition (GES 2018) of the summit will deliberate on the theme ‘Global Value Chains: Accelerating MSME Growth Development and Sustainability.’
The Summit will highlight on the opportunities and challenges for MSMEs to enhance their participation in GVCs. It will also discuss the relevance of GVCs for overall economic growth and sustainable development.
The Summit will examine the effects of the entire process of producing goods from raw materials to finished products, which is increasingly carried out wherever the necessary skills and raw materials are available at competitive cost and quality. This will provide opportunities for MSMEs to extend beyond local boundaries by addressing the trends in the markets in developing, emerging and developed economies, for their integration into the value chains.
What is more required is skill development of the people to take up high value-added jobs, improving logistics infrastructure for smooth movement of goods within the economy and outside, promoting investor-friendly policies, rationalization of labour laws, as well as harmonization of standards for better integration in the GVCs.
To enhance competitiveness of MSMEs
To examine the critical challenges faced by MSMEs
To recommend steps to integrate MSMEs in GVC
The Summit will identify platforms through which MSMEs can connect across the world, enhance their business opportunities, meet challenges, learn and equip themselves for export development.