- Gujarat Chief Minister Bhupendra Patel inaugurated the Indo-American Chamber of Commerce’s (IACC) Centre of Excellence for MSME.
- It will be the first-ever centre by IACC, which aims to upgrade and strengthen micro, Small and medium enterprises (MSMEs).
- Bhupendra Patel said that MSMEs are the backbone of the economy.
- The MSME sector will play a crucial role in making India the third-largest economy.
Indo-American Chamber of Commerce
- It was established in 1968.
- It is the apex bilateral Chamber synergizing India-US Economic Engagement.
- It was started by Ambassador Chester Bowles along with the then-industry leaders.