ENA Sectors 2018-09-04 09:09:58 <p><strong>New Delhi, Sept 4 (KNN) </strong>National Small Industries Corporation Ltd (NSIC) will sign a memorandum of understanding (MoU) with Russia to facilitate, assist and provide necessary support to MSMEs (micro, small and medium enterprises) of both the countries.</p> <p>We will sign a pact with Russia Small and Medium Enterprises Corporation which comes under the Ministry of Economic Development, said, Ravindra Nath, Chairman cum Managing Director of NSIC.</p> <p>With the pact, MSMEs of India and Russia will come together. There will be joint ventures, transfer of technologies, new business opportunities, among others, he added.</p> <p>In the past, NSIC had signed pact with Malaysia and South Korea with the same objective to facilitate MSMEs.</p> <p>NSIC has established incubation centers at Ethiopia, Rwanda, Egypt, Burundi, Burkina Faso and Zimbabwe. It plans to set up one more at Mozambique.</p> <p>Recently, the central PSU also signed a MoU with SAP.</p> 20755 https://knnindia.co.in/news/newsdetails/sectors/nsic-to-ink-pact-with-russia-to-support-msmes 2018-09-04 09:09:58 knnindia.co.in