MoU between the Ministry of Msme and the Ministry of Industry and Commerce, Republic of Mozambique
Shri Dinsha Patel, Minister of State (Independent Charge) Micro, Small and Medium Enterprises and H.E. Mr. Oldemiro Baloi, Hon’ble Minister of Foreign Affairs and Cooperation, Republic of Mozambique signed a Memorandum of Understanding (MoU) on cooperation in the field of MSME here today. The signing ceremony took in the august presence of Dr. Manmohan Singh, Prime Minister of India and Mr Armando Guebuza, President of Mozambique.
The MoU will provide a platform for the two Governments to discuss the issues concerning MSMEs and explore possibilities of cooperation for the mutual benefit of the MSME sector in the two countries. It provides a structured framework and enabling environment to the MSME sector of the two countries to understand each other’s strengths, markets, technologies, policies etc. It also contains an agreement between the two countries to enable their respective MSMEs to participate in each other’s trade fairs/exhibitions and to exchange business delegations with the other country, to understand the policy and explore the markets, so that joint ventures, tie-ups, technology transfer etc. could take place. It does not contain or involve any financial, legal or political commitment on the part of either party.
The Ministry of MSME has so far entered into long term agreements (Memorandum of Understanding/Agreements/Joint Action Plan) for cooperation in the MSME Sector, with counterpart Ministries/Organisations of 13 countries viz., Tunisia, Romania, Rwanda, Mexico, Uzbekistan, Lesotho, Sri Lanka, Algeria, Sudan, Cote d’Ivoire, Egypt, Botswana and Korea. Such kind of cooperation opens up doors of new opportunities for Indian MSME sector by way of new markets, joint ventures, sharing of best practices and technology collaborations etc.
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