SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

k-h-muniyappaTHMB.jpg India, Mauritius ink MoU to develop policy framework for MSMEs

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 03 Dec, 2013
India and Mauritius Monday sign a Memorandum of Understanding (MoU) for developing an appropriate policy and institutional framework in the Micro, Small and Medium Enterprises (MSME) sector, informed the Ministry of MSME in a press release.

K. H. Muniyappa, Minister of State (Independent Charge) for Micro, Small and Medium Enterprises (MSME), paid an official visit to Mauritius from 30 November to 2 December 2013. During the visit,  Minister called on the President of the Republic of Mauritius, Rajkeshwur Purryag, and Prime Minister Dr. Navinchandra Ramgoolam.

On 2 December, the two Ministers signed an inter-governmental MoU on Cooperation in the field of Micro, Small and Medium Enterprises between India and Mauritius.  

Speaking at the signing ceremony, Muniyappa expressed confidence that through this positive engagement, the Ministry would be able to create the ideal framework for further concrete collaboration in this sector, which is critical to the two countries' common vision of inclusive and balanced economic growth.

The MoU provides for further capacity building for developing an appropriate policy and institutional framework in the MSME sector, carrying out surveys and feasibility studies to identify thrust areas and opportunities for development of MSMEs in Mauritius, promoting partnership projects, and providing training for improvement of managerial and technical skills for MSMEs.

In these and other official interactions with Mauritian Ministers and senior officials, the Minister conveyed the greetings and good wishes of the Government and the people of India, and reaffirmed India's commitment to extending all necessary cooperation in the field of small and medium enterprises to Mauritius, in the form of training inputs, institution building, and technology transfer.

This visit follows the recent visit to India by Jangbahadoor Seetaram, Minister of Business, Enterprise and Cooperatives of Mauritius, in September 2013, during which two institutional-level MoUs between the Small and Medium Enterprises Development Authority of Mauritius (SMEDA) and the Entrepreneurship Development Institute, Ahmedabad, and between SMEDA and the National Small Industries Corporation of India were concluded.

During the delegation-level talks, the possibility of setting up of a Vocational Training cum Incubation Centre for the benefit of Mauritian SME sector was discussed, along with assistance in developing policies and a robust institutional framework for SME development in the country. The Incubation Centre would provide hands on practical training to first generation budding entrepreneurs and unemployed persons in order to equip them with knowledge and expertise for setting up new small enterprises.

S. N. Tripathi, Joint Secretary (SME), Ministry of MSME, H. P. Kumar, Chairman & MD, National Small Industries Corporation were also present on the occasion.
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter