India-Korea Technology Exchange Centre Inaugurated

The India-Korea Technology Exchange Centre was inaugurated by the Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong Jong Haak today in New Delhi.

India- Korea Technology Exchange Centre:

To create a platform for micro, small and medium enterprises of India and Korea where they can be assisted to identify and exchange latest technologies, share management expertise, product development and technology applications for product development.

With this platform, SMEs of both the countries can learn from each other to enhance their comparative advantages and be competitive in the world.

Korea has a strong industrial base with well-developed small and medium enterprises (SME) sector, especially in advanced manufacturing technologies such as machinery & equipment, electronics, electrical machinery & equipment, and robotics.

National Small Industries Corporation Limited (NSIC) is a Mini Ratna PSU established by the Government of India in 1955.

It falls under Ministry of Micro, Small & Medium Enterprises of India.

NSIC is the nodal office for several schemes of Ministry of MSME such as Performance & Credit Rating, Single Point Registration, MSME Databank, National SC ST Hub, etc.

Government Schemes implemented by NSIC:

  1. MSME DataBank.
  2. National Scheduled Caste and Scheduled Tribe Hub.
  3. Performance & Credit Rating Scheme.
  4. Marketing Assistance Scheme.
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