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West Bengal Government inks pact with IIFT to boost MSME exports

The State Micro Small and Medium Enterprises (MSME) department has signed a Memorandum of Understanding with the Indian Institute of Foreign Trade (IIFT) and has identified ten sectors with good export potential.

The IIFT will provide expert training in these sectors, with the aim to boost MSME exports.

The department to train 100 entrepreneurs annually at IIFT

The department has plans to impart the expert training of IIFT to 100 entrepreneurs in a year, following which the department will give them six-month handholding support so that they can do some serious export on their own.

The Mamta Banerjee Government is taking significant measures for the promotion of MSME exports from Bengal. The sectors that have been identified to have good potential include Jute, Foundry, Zari and leather to name a few.

The first batch of 25 has already undergone the training

A senior official of MSME department said, “We have been providing district-wise training to the entrepreneurs in association with Federation of India Export Organisations (FIEO) for value addition to the products according to the changing market demand. From there, we will be selecting 25 entrepreneurs for a three-day residential training programme to be conducted by IIFT. The first batch of 25 has already undergone the training”.

The MoU with IIFT was signed at the Digha Business Conclave held on December 11 and 12 in 2019.

 

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