UK-Based SME Body Establishing India Chapter

New Delhi: Genesis Initiative, a UK-based umbrella for small and medium enterprises, is establishing an India chapter. The organisation will boost the interests of domestic SMEs at the Government level, besides fostering intellectual sharing, technology transfer, and increase in bilateral trade with SMEs of the two nation. Their vision is to promote enterprises and encourage SMEs, create a consensus amongst the sector on key issues, and promote the development of cross parliamentarian consensus on issues relating to SMEs. India is a key destination for it as there is immense potential for SMEs. The body is setting up its India chapter in Bangalore and Delhi. It will seek mutual cooperation between SMEs in India and UK, besides looking for possible joint ventures and partnerships with Indian SMEs in sectors like textile, manufacturing, IT and infrastructure. Indian SMEs can optimise their growth potential if they come together.