India, Germany join forces on SMEs | Latest News India - Hindustan Times
close_game
close_game

India, Germany join forces on SMEs

PTI | ByBERLIN DIARY | Varupi Jain
Aug 10, 2005 12:44 AM IST

The launch of Industrial Services Network by an Indo-German technical programme is a case in point, writes Varupi Jain.

India benefits from development aid from a number of countries and multilateral organisations. Even at its peak, the gross aid inflow into India did not exceed one per cent of GDP - which makes it pointless to view aid inflows quantitatively. For a mammoth economy like India's, aid efficiency has to be geared towards quality and selective use - where foreign aid acts as a catalyst or a stimulant for growth and not a dependency-inducing drug.

This makes it crucial for donor agencies to be sensitive to ground realities and focus on 'real' needs of the people. Not many dispute that money is the last thing on the shortages list in India. What we need is exchange of know-how and more significantly - discovery and synergy of our own potentials and efforts. The launch of the Industrial Services Network (ISN) by an Indo-German technical cooperation programme is a case in point.

This bilateral technical cooperation initiative aims to meet the requirements of the Small Scale Industry (SSI) sector and of disadvantaged sections of the society. The ISN is a component of "Programme for the Promotion of Industrial Services and Employment" (PISE), which started operating in January 2005.

Hindustan Times - your fastest source for breaking news! Read now.

The network is jointly implemented by the Directorate for Standardisation, Testing and Quality Certification (STQC) of the Ministry of Communication and Information Technology (MCIT), India and the Deutsche Gesellschaft für Technische Zusammenarbeit (GTZ, German Technical Cooperation). The Office of the Development Commissioner in the Ministry of SSI is supportive to the programme.

The ISN was launched in New Delhi on 4 August 2005. Among the many dignitaries present were Rolf Suelzer, Country Director and Resident Representative - GTZ India, SN Mishra, Additional Secretary and Development Commissioner, Ministry of SSI, India, and SL Sarnot, Director General of the Directorate for STQC.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On