India, Mauritius ink MoU to develop policy framework for MSMEs

Top Stories

»	US tariffs on Indian goods among lowest after trade deal
»	Indian rupee trades over 1 pc higher after US trade deal
»	US to drop 25 pc tariff linked to India’s Russian oil purchases: White House
»	‘Made in India’ products will now have reduced tariff of 18 pc in US: PM Modi
»	Union Budget: Defence soars to Rs 7.85 lakh crore, big bets on electronics, biopharma and railways

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.