Industry & Economy
-
SSI
SME growth pacts to be signed at Commonwealth-NSIC meet
M. Ramesh
Chennai
,
April 15
THE Caribbean Association of Industry and Commerce, an association of companies in 17 Caribbean nations, will sign a memorandum of understanding with the Exim Bank of India and the National Small Industries Corporation (NSIC), at the Second Commonwealth-India Small Business Competitiveness Development Programme to be held in Chennai between April 17 and 22.
The MoU will pave the way for enhanced co-operation between India and the Caribbean countries in development of small and medium enterprises.
Essentially, the MoU will enable the signatories to pool their expertise and resources for SME development. An important element of the agreement is `transfer of skills.' Another MoU, between the Exim Bank of India and the SME Development Bank of Sri Lanka will also be signed at the event. The MoU will facilitate a joint search for business opportunities and financing of SMEs.
Disclosing this to Business Line, Mr Ram Venuprasad, Adviser (Enterprise), Special Advisory Services Division, Commonwealth Secretariat, said that 65 delegates from 32 Commonwealth countries would be participating in the event.
The primary focus of the programme is technology and financing in developing small businesses' competitiveness. Issues of pro-poor growth and small business' sustainability would be discussed at the meeting. The delegates would also visit the Rural Connectivity Centre at the Indian Institute of Technology, Madras, and the Kuthumbakkam village in Tiruvallur district.
The First Commonwealth-India Small Business Competitiveness Development Programme was held in New Delhi between November 15 and 19 last year.
Article
E-Mail
::
Comment
::
Syndication
::
Printer Friendly Page
|
