APEDA inks MoU with NSIC for harnessing export potential of MSMEs

  • Home
  • /
  • APEDA inks MoU with NSIC for harnessing export potential of MSMEs

The Agricultural and Processed Food Products Export Development Authority (APEDA) has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation Ltd (NSIC) for ensuring cooperation in a range of areas focusing on harnessing the export potential of agricultural and processed food products manufactured by Micro, Small and Medium Enterprises (MSMEs).

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.

The collaborations between APEDA, which functions under the Ministry of Commerce, and NSIC, which operates under the Ministry of Micro, Small & Medium Enterprises, also support promotion of green and sustainable manufacturing technology for the MSME clusters so as to enable units to switch to sustainable and green production processes and products.

APEDA and NSIC will also facilitate participation of MSMEs in fairs of international level including B2B and B2C fairs to be organised in India and abroad, and also to mutually cooperate in international business development and promotions.

Besides, the MoU entails providing assistance available under schemes of Government of India towards capacity-building of MSME enterprises for their social and environmental compliances and skilling as per international standards. Both the organisations will organise awareness programmes about schemes of MSME Ministry and schemes implemented by NSIC, said a release.