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CII signs MOU with ADS in aerospace, defence, security and space sectors | The CII signed a MoU with ADS in Cardiff, Wales, UK to promote and explore opportunities for cooperation among the SMEs in the sectors of Aerospace, Defence, Security and Space. The MoU was signed in the presence of Dr. Jaimini Bhagwati, High Commissioner of India to the UK, Rt. Hon. Carwyn Jones
AM, First Minister of Wales and Mr H P Kumar, Chairman and Managing Director,
National Small Industries Corporation (NSIC), on the sidelines of the 3rd India
UK SME Business Meet. CII SME delegation led by Mr Deep Kapuria, Chairman, CII
National MSME Council and Chairman, Hitech Gears Ltd is participating at the India
UK SME Business Meet (27 - 28 September 2012), in Cardiff, organised jointly by
the Indian High Commission (in London, UK) and the Welsh Government. Speaking
at the occasion, Mr Deep Kapuria, Chairman, CII National MSME Council and Chairman,
Hitech Gears Ltd said that – “Both ADS & CII will work together in establishing
programmes in Aerospace, Defence, Security and Space, which will encourage greater
sharing of expertise and experience between SMEs and developing linkages with
relevant agencies tasked with supporting SMEs”.The MoU will enable us to upscale
the Indian SMEs to the high global standards in the four (4) sectors, and CII
will work closely with both the Ministry of MSME and the National Small Industries
Corporation (NSIC), (the two key stakeholders in the Indian SME space) in this
direction, he added. Citing the MoU as the milestone in the agenda of the Joint
Economic and Trade Committee (JETCO) between UK and India , Mr Deep Kapuria added
that cooperation in the area of Advanced Manufacturing (in addition to Clean Technology
and Sustainability) assumes top priority and this MoU will guide the way forward.
He also underlined the capabilities of the Indian Mid size companies to invest
overseas and called for joint investments through Venture Capitalists and related
financing institutions, in sectors (such as Green Businesses & Sustainable development)
dominated by Advanced Manufacturing. Drawing a comparison between the SMEs in
India and the United Kingdom , Dr Jamini Bhagwati, High Commissioner of India
to the UK mentioned that in India SMEs contribute 8% to our GDP, 45% of manufactured
output and 40% of Indian exports. Whereas, the SME sector’s contribution to the
UK GDP is over one-third. Therefore the Indian entrepreneurs have to learn how
the SMEs play a critical role in the UK economy , he added. According to Dr Jamini
Bhagwati, High Commissioner of India to the UK, the Indian SMEs are increasingly
waking up to the realization that technology is going to play a crucial role in
the sustainable development-a key factor in staying competitive in a fast paced
global scenario. Support for the creation of new ventures and spin-offs from research
institutions and large companies, as well as the removal of barriers to their
rapid growth and support for the transfer of know-how, also deserve to be accorded
the highest priority, by both the British and the Indian Government, he added.
Earlier, Rt. Hon. Carwyn Jones AM, First Minister of Wales said that SMEs will
form the basis of trade and economic cooperation between UK and India.Their ability
to exploit new technologies, and to respond quickly to changing market needs,
would give SMEs a pivotal role in the success of the Global economy. ADS is the
trade body advancing UK Aerospace, Defence and Security industries with Farnborough
International Limited as a wholly owned subsidiary. It encompasses the British
Aviation Group (www.britishaviationgroup.co.uk), Farnborough International Limited
(www.farnborough.com) and is a major sponsor of UK Space (www.ukspace.org). Together
with its regional partners ADS represents over 2,600 companies. The regional partners
of ADS are: ADS Scotland , ADS Northern Ireland , Aerospace Wales, Farnborough
Aerospace Consortium, Midlands Aerospace Alliance, Northern Defence Industries,
Northwest Aerospace Alliance and the West of England Aerospace Forum.
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