India-Korea Technology Exchange Centre Inaugurated

The India-Korea Technology Exchange Centre was Inaugurated in new Delhi. The India-Korea Technology ExchangeCentre has been established at the National Small Industries Corporation  premises in New Delhi.  The Minister of State MSME Giriraj Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong Jong- haktoday inaugurated. Speaking on this occasion, Giriraj Singh said that the purpose of the Technology Exchange Centre is 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.

The Minister of SMEs and Start-ups of Republic of Korea, Hong Jong-hak said his country has strong industrial base withwell-developed small and medium enterprises (SME) sector, especially in advanced manufacturing technologies such as machinery & equipment, electronics, electrical machinery & equipment and robotics. He said that SMEs of both the countries can learn from each other to enhance their comparative advantages and be competitive in the world.

On this occasion, an MoU was signed  between the Small Business Corporation (SBC) of Korea and the NSIC for cooperation in the field of MSME Sector.  The SBC will mobilise the South Korean MSMEs for technical and business alliances with their counterparts in India and organise partner matching events in Korea for Indian delegations.

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