National Small Industries Corporation Ltd | UPSC CURRENT AFFAIRS |
National Small Industries Corporation Ltd: Current Affairs
National Small Industries Corporation Ltd (NSIC)
Context: The Agricultural and Processed Food Products Export Development Authority (APEDA) signs MoU with NSIC for harnessing the exports potentials of Micro, Small and Medium Enterprises (MSMEs).
More on News:
- This agreement will ensure cooperation in a range of areas focussing on harnessing exports potential of agricultural and processed food products manufactured by
- According to the MoU, the key areas of cooperation include facilitating APEDA registered members getting assistance under all the NSCI schemes.
- The MoU also envisages ensuring sustainability and growth of MSMEs by addressing issues such as technology, skill, quality products and market access.
- It also supports the promotion of green & sustainable manufacturing technology for the MSME clusters to enable units to switch to sustainable and green production processes and products.
- It will also facilitate the participation of MSMEs in fairs of international level including B2B & B2C fairs to be organized in India and abroad and also to mutually cooperate in international business development & promotions.
- The MoU also entails assisting available under schemes of the Government of India towards capacity building of MSME enterprises for their social & environmental compliances and skilling as per international standards.
About National Small Industries Corporation Ltd (NSIC):
- It has established in 1995 by the Ministry of Micro, Small and Medium Enterprises.
- NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country.
- It provides integrated support services encompassing Marketing, Technology, Finance and other services.
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