Minister of State, Micro, Small and Medium Enterprises K. H. Muniyappa met the delegation led by H.E. Jangbahadoorsing Seetaram, Minister of Business, Enterprise and Cooperatives, Mauritius on Monday.
Minister of State, Micro, Small and Medium Enterprises K. H. Muniyappa met the delegation led by H.E. Jangbahadoorsing Seetaram, Minister of Business, Enterprise and Cooperatives, Mauritius on Monday.
Welcoming the dignitaries Muniyappa recalled the friendly ties that India had with Mauritius and added that India is Mauritius’ largest trading partner and has been the largest exporter of goods and services to Mauritius since 2007.
Considerable interest has also been shown by Indian as well as Mauritian enterprises especially by MSMEs for cooperation in sectors like pharmaceuticals, electrical machinery, apparel and clothing accessories, precious and semiprecious stones and optical photographic and precision instruments.
Muniyappa said that, “both countries have been working together closely for finalising an MoU on cooperation in the MSME sector and hoped that it will entered into very soon. “
The MoU promotes a favorable business environment and empower SMEs to emerge and grow and provides a service delivery network which increases the contribution of SMEs in the national economy.
The MoU also facilitates an assistance and provide the necessary support to SMEs to gain market access and business opportunities and to compete successfully in the national and international markets for Mauritius.
The MoU stated that NSIC may provide consultancy to Mauritius’s SMEDA on mutually agreed terms, in implementation of its strategy for the development of Incubation Centres and strengthening of the SMEDA SME Resource and Technology Centre (SRTC) with emphasis on Research and Development (R & D) and Innovation.
For both the countries, the MoU provides cooperation at all levels including technology transfer, Marketing and Financial in the MSME sector.
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