New Delhi, May 12 (KNN) Aiming to make local small and medium enterprises (SMEs) technology savvy, Zimbabwe and India has signed a Memorandum of Understanding (MoU) extending the Indo-Zimbabwe project designed to enhance capacity and capability of SME sector.

The project was formed in 2006 to technologically equip SMEs in various sectors, said Dr Mike Bimha Industry, Commerce and Enterprise Development Minister, during the signing ceremony in Harare.

He said that the project is meant to promote access to technology among SMEs in the field of Tool and Die, Computer Numerical Control (CNC) and Computer-aided Manufacturing (CAM), plastic products manufacturing, as well as carpentry and metal fabrication.

Further, he added “Ministry looks forward to partner HMT India (a private company) to upgrade technology at the Indo-Zimbabwe Technology Centre so that the country continues to be at the forefront of technology development in the region.”

Indian Ambassador to Zimbabwe Mr Rungsung Masakui said the joint project played a critical role in developing the country.

Analyzing the results of projects that initiated a way back more than 10 years ago, he said that the study results shows that the impact of the project has shown a positive result on the development of SME sector.

The project played a positive role and has had impact on creating jobs and enhancing capacity and capability of SME sector, he added.

Also, he said that the two governments have agreed to upgrade technology to help meet the needs in the developing SMEs. (With inputs from a media report) (KNN bureau)