The NSIC and IIDFC renew SME cooperation agreement
The mutual cooperation agreement between National Small Industries Corporation (NSIC), India and Industrial and Infrastructure Development Finance Company limited (IIDFC), Bangladesh has been renewed for further three years at a function at IIDFC Office in Dhaka, Bangladesh.
Dr HP Kumar,CMD, NSIC and Matiul Islam, chairman, IIDFC signed the renewal agreement on behalf of their respective sides.The agreement is intended to learn and share best practices in SME sector both in India and Bangladesh. These include facilitating sustainable business alliances between enterprises in India and Bangladesh, transfer of technology and holding exhibitions and fostering enterprise to enterprise cooperation through exchange of delegations. Such share of knowledge and experience will help establishing direct linkage of SME entrepreneurs of both the countries which will ultimately boost total trade and commerce.
R Masakui, First Secretary of High Commission of India, S Muhnot, Managing Director of Small Industries Development Bank of India (SIDBI), Rajiv Chawla, Chairman of Integrated Association of Micro Small and Medium Enterprises of India (IAMSME of India), M Syeduzzaman, Vice Chairman of IIDFC, Md Asaduzzaman Khan, Managing Director of IIDFC were also present.