CM Bhupendra Patel Inaugurates First-Ever IACC-MSME Centre of Excellence in Gujarat

Tags: State News

On August 8, 2024, Gujarat's Chief Minister, Bhupendra Patel, inaugurated the first-ever Indo- American Chamber of Commerce (IACC)-MSME Centre of Excellence (CoE) at the KCG auditorium, i-HUB campus in Ahmedabad, Gujarat.

An Overview of the News

• The CoE aims to upgrade and strengthen MSMEs to meet global export market standards.

IACC-MSME Center of Excellence (CoE) Details

• The centre will enhance industrial relations between India and the United States.

• It is designed to equip MSMEs with the skills and knowledge needed to navigate global markets and improve export capabilities.

• This initiative is part of the IACC’s strategy to boost economic relations between India and the USA by addressing challenges faced by Indian MSMEs and facilitating their access to the American market.

Additional Information

• Gujarat has 19.80 lakh registered MSMEs, employing nearly 1.07 crore people, thanks to initiatives like ease of doing business, supportive policies, and prompt government clearances.

• Gujarat contributes 8.63% to India's Gross Domestic Product (GDP).

• The IACC promotes trade between India and the USA, with bilateral trade reaching USD 200 billion in 2023.

About Gujarat

• Founded: May 1, 1960

• Previous State: Bombay State

• Capital: Gandhinagar

• Official Bird: Greater flamingo

• Chief Minister: Bhupendrabhai Patel

• Governor: Acharya Devvrat