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DQW Bureau
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The session on "Value addition through ICT & IPR" was held at
the India Global SME Summit

Only innovation and marketing can add value to ensure succ-ess of Small and
medium enter-prises (SMEs) in the present era of tough competition, which has
necessitated two key tools " ICT and IPR" to be appropria-tely adapted
and implemented.

This was stated by Dr GS Jaiya, Division Director, SMEs ,World Intellectual
Property Organization (WIPO) stated this at the session on "Value addition
through ICT & IPR", at the India Global SME Summit organized jointly by
the Ministry of Small Scale Indu-stry and CII.

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According to Ajay Kapur, CEO, SIDBI Venture Capital Ltd, for most of the 11
million SMEs in India modernizing was a huge challenge and state of the art
technology was a dire need for them to stay in the global scenario. "IT was
used mainly for accounting and it had yet to be absorbed that IT was an
important tool in process automation, ERP, enhancing productivity, reducing
costs and R&D costs, besides net-working. It was time now for SMEs to
understand that to be part of the global economy, investment in ICT was a key
factor," he added.

Utpala Joshi of Zensar Technologies informed about the various models, which
could be used by the SMEs, and about the META Trend, which said that by 2007,
ERP vendors would embrace web services to support inter-enterprise integration.

Dr Vasantha Bharucha, Con-sultant and Formerly Economic Adviser in the
Ministry of Com-merce said, "In the current scenario, huge amount of
business is already being conducted through the inter-net, ranging from
international coffee auctions to auto parts sales. Countries have already
introduced tax benefits for e-facilitated trade and com-panies save on discounts
on online trade. To get on the ICT wagon will be a win-win situation for the
SMEs".

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