by Rajen KumarIndia's Manufacturing Muddle
What holds Indias manufacturing sector at the back foot? Why the sector has failed to emerge from the shadow of a strong service sector which has recorded a creditable growth in the...
Special ReportsMar 2014
When you have just decided to go ahead and chase your dream of higher studies, the one you had sidelined for quite some time now, you realize the road ahead is not so...
Indian SMEs Taking the Lead in Latvia
Indian SMEs have found a lucrative market in Latvia, which also serves as an ideal gateway to the thriving Baltic market. Likewise, Latvian SMEs are also keen on forging strategic tie-ups and collaborations with their Indian counterparts to promote commodity and technical exchange. According to trade analysts, Indian SMEs can capitalise on the growing demand for Indian goods in Latvia.
Opportunities for investment and export for Indian SMEs exist in areas such as chemicals, oil, leather goods and auto components. Latvia also has a sizeable market for Indian vegetables and frozen foods. Indian F&B companies can therefore look at catering to the demand for such products by establishing trade linkages with Latvian distributors.
In addition, Indian SMEs can partner with their Latvian counterparts to cooperate in areas such as pharmaceuticals, telecom, IT and ITeS, heavy engineering, gems and Jewellery Manufacturers and biotechnology.
The governments of India and Latvia have also realised the potential of Indo-Latvian trade relations that can benefit SMEs of both the countries. To support SMEs in the two nations, the Indian government inked an agreement in 2001 for the promotion of science and technology (S&T) cooperation.
In addition, India and Latvia signed a bilateral investment promotion protection agreement last yearto enhance the scope for mutual cooperation.
Such concerted efforts will strengthen Indo-Latvian trade relations and encourage Indian SMEs to foray into the Latvian market.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
January every year used to be the Great Film Month in Delhi. International Film Festival of India, IFFI used to take place a great get together of film buffs. Youngsters with a taste for the...
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