SME Times News Bureau | 11 Jul, 2018
A technology exchange centre to boost technological collaboration
between Indian and South Korean micro, small and medium enterprises
(MSMEs) was inaugurated in New Delhi on Tuesday.
MSME Minister Giriraj
Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong
Jong- hak inaugurated India-Korea Technology Exchange Centre
on this occasion, Giriraj Singh said that the purpose of the
Technology Exchange Centre is to create a platform for micro, small
and medium enterprises of India and Korea where they can be assisted
to identify and exchange latest technologies, share management
expertise, product development and technology applications for
MSME Minister further said that the Technology Centre will also work
towards building reliable alliances in Space, Solar Energy, Nano
technologies and some other upcoming technologies.
said that a number of Korean organizations have showed keen interest
to initiate technology transfers in MSME sectorsbetween the two
countries and this Centre will provide them reliable partners for
effecting business alliances.
Minister of SMEs and Start-ups of Republic of Korea, Hong Jong-hak
said his country has strong industrial base with well-developed small
and medium enterprises (SME) sector, especially in advanced
manufacturing technologies such as machinery & equipment,
electronics, electrical machinery & equipment and robotics.
said that SMEs of both the countries can learn from each other to
enhance their comparative advantages and be competitive in the world.
MSME Dr. ArunKumar Panda said that there is need to share the
comparative advantage of MSMEs of different countries.
said Indian MSMEs are very competitive in sectors like auto
components, drugs and pharmaceuticals, IT bio-technology, agro and
India-Korea Technology Exchange Centre will work towards identifying
Indian technologies which can be exported to Korea and find suitable
Korean partners for the same, initiating various cooperative
projects complimenting each other's strengths in MSME sector,
creating Technology Data Bank from each side to encourage technology
transfers, production of high quality products in India and
encouraging Joint Ventures and business matching between Indian and
Korean SMEs, besides others.
MoU was signed between the Small Business Corporation (SBC) of
Korea and the NSIC for cooperation in the field of MSME Sector.
The SBC will mobilise the South Korean MSMEs for technical and
business alliances with their counterparts in India and organise
partner matching events in Korea for Indian delegations.
India-Korea Technology Exchange Centre has been established at the
National Small Industries Corporation premises in New Delhi.