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International Companies Collaborating with Indian MSME Units

The Minister for Micro, Small and Medium Enterprises (MSMEs), Giriraj Singh has said that atmosphere of “ease of doing business in India” has been improving. Thus, international companies are taking the initiative to collaborate with the Indian MSMEs. This would help the MSMEs create
high-quality products of international standards and create job opportunities for the educated youth in India.
Singh also said that Prime Minister Narendra Modi’s “Make In India” initiative has given a good opportunity for the MSMEs in India to do well and prosper. Many MSMEs that were lying idle for many years are now actively involved in the manufacturing processes.
Singh highlighted the industrialisation scenario, especially in the engineering field. He said the dedicated tools, dyes, jigs, fixtures, moulds, gauges and other important tools are essential needs. At the same time, quality toolmakers, tool and product designers, skilled manufacturers, industrial
automation engineers and maintenance engineers are in rapidly increasing demand.
The minister said this during his visit to the Central Tool Room and Training Centre (CTTC) in Bhubaneswar and his visit to the several advanced facilities set up for the students, trainees and internees. Singh also discussed about employment-based training with the members of the faculty
there.
The CTTC is one of the premier design, production and consultancy centres established as a technical collaboration between the Government of India and the Government of Denmark, in order to meet the above-mentioned engineering and tooling requirements. Singh was appreciative of the advanced infrastructural facilities such as land, building, modern workshops and advanced tool room that contributed greatly to the growth and progress of the CTTC.

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