Vision 2020: Over 299 ‘Fortune 500’ companies set up R&D centres in country

Sensing huge export potential in Small and Medium Enterprises (SME) in Madhya Pradesh, Federation of Indian Export Organisations (FIEO) would soon prepare an export vision document 2020 for the state.
The FIEO office bearers talking to media persons gave this information on the sidelines of a trade-expo organised on Friday. Director General and CEO of FIEO Ajay Sahai said that export potential in immense in India which is evident from the fact that 300 out of total Fortune 500 companies have set up R&D centres in the country.
Claiming that export growth of SME sector has shown a drastic decline in the last 10 years in the country, Sahai said that with techno savvy young generation venturing into SME sector and growing trend of R&D, the sector hold bright prospects.

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