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2010-10-01

India and Mozambique sign MoU on MSME co-operation

Dinsha Patel, Minister of State (Independent Charge) Micro, Small and Medium Enterprises and Mr. Oldemiro Baloi, Minister of Foreign Affairs and Cooperation, Republic of Mozambique, signed a Memorandu

Dinsha Patel, Minister of State (Independent Charge) Micro, Small and Medium Enterprises and Mr. Oldemiro Baloi, Minister of Foreign Affairs and Cooperation, Republic of Mozambique, signed a Memorandum of Understanding (MOU) on co-operation in the field of MSME. The signing ceremony took place in the presence of Prime Minister of India, Dr. Manmohan Singh and Mr. Armando Guebuza, President of Mozambique.

Under the MOU signed between the two nations, Governments from both the countries will discuss and explore possibilities on developing co-operation in the MSME sector. The agreement provides for a structured framework towards ensuring a conducive and a favourable environment for the growth and development of MSME sector in the country.

It also contains an agreement between the two countries to enable their respective MSMEs to participate in each other’s trade fairs/exhibitions and to exchange business delegations with the other country, to understand the policy and explore the markets, so that joint ventures, tie-ups, technology transfer etc. could take place. It does not contain or involve any financial, legal or political commitment on the part of either party, the release said.

The Ministry of MSME has so far entered into long term agreements for cooperation in the MSME Sector with countries like Tunisia, Romania, Rwanda, Mexico, Uzbekistan, Lesotho, Sri Lanka, Algeria, Sudan, Cote d’Ivoire, Egypt, Botswana and Korea.

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