After Malaysia, South Korea, NSIC to sign MoU with Russia to support MSMEs

Mini ratna PSU 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 & medium enterprises) of both the countries."We will sign a pact with Russia's Small and Medium Enterprises Corporation which comes under the Ministry of Economic Development. With the pact, MSMEs of India and Russia will come together. There will be joint ventures, transfer of technologies , new business opportunities, among others", said Ravindra Nath, chairman cum managing director of NSIC.In the past, NSIC had signed pact with Malaysia and South Korea to facilitate, assist and provide necessary support to MSMEs of both the countries to identify and exchange latest technologies, he added.NSIC has established incubation centres at Ethiopia, Rwanda, Egypt, Burundi, Burkina Faso and Zimbabwe. It plans to set up one more at Mozambique.Recently, the central PSU also signed a MoU with SAP ..

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