Aug 11: The International Cooperation (IC) Scheme of the Ministry of Micro, Small and Medium Enterprises (MSME) has added a new component ‘Framework for International Market Intelligence Dissemination (IMID)’. Under the IMID component, a National Resource Database System – Global Market Intelligence System for MSMEs is provisioned. This system is to act as a central knowledge repository of export-related data on foreign markets and provides simplified information on trade statistics, market access issues, export potential indicators and information on tenders and procurements globally.
At present, the Ministry of MSME is in consultation with India Exim Bank to collaborate for the development of an online portal, incorporating the features of the IMID component of the IC Scheme.
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