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06/04/2018 02:02pm

NSIC to collaborate with foreign MSME bodies to foster MSME growth at home

image NSIC to collaborate with foreign MSME bodies to foster MSME growth at home

New Delhi, Apr 6 (KNN) With a view to foster MSME sector’s overall growth in India, National Small Industries Corporation (NSIC) is prepared to widen the tie-ups with foreign organizations/bodies dealing with MSMEs in their respective nations and also plans to work closely with state government on skill development.

In this regard, NSIC Chairperson Ravindra Nath in a press interview said that the corporation would create a link with Small and Medium Business Corporation (SBC) in South Korea along the similar lines of the recent tie-up entered with ‘SME Corp’ in Malayisia. 

He said that these alliances are aimed at sharing of the best manufacturing practices, transfer of technologies, creation of joint ventures and setting up of technology transfer facilitation centres.

NSIC Chief General Manager (Technology) Sativinder Singh informed the media that the NSIC will soon sign a Memorandum of Understanding with the renowned ‘SAP’, a Germany headquartered company that deals in providing Enterprises Resource Planning (ERP) solutions.

The MoU is to train MSME sector employees in India on ERPs on a massive scale, he added.

Recently, NSIC has entered into an agreement with Haryana Government for setting up training-cum-incubation centre with the government, for this it provided an edifice of 87,400 square feet located on a nine-acre space for 31-year lease, Nath added.

Further, he added that the states like Odisha, Andhra and Telangana are also interested in the same.

Commenting on the impact of GST and demonetization on MSME’s, he dismissed the accusations that demonetization and GST implementation affected the MSMEs and said that it will help the MSMEs in long run as these are the processes of refinement.(With inputs from a media report) (KNN/YV)

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