SME Chapter of MAIT and Busan IT Industry Promotion Agency (BIIPA) has signed a MoU. The objective of the agreement is to bring together Indian and Korean SMEs to promote local manufacturing by regular exchange of information on technology know-how, software development, talent exchange with a strong focus on Industrial development in both the countries.
The MoU is signed between Rahul Gupta, Chairman, SME Chapter of MAIT and by Mr Seo Tae Geon, CEO of Busan IT Industry Promotion Agency. The event was witnessed by the SMEs from MAIT and Korea.
Talking about the MoU, Rahul Gupta, Chairman, SME Chapter of MAIT said, “This is a great opportunity for Indian SME’s to do local manufacturing utilizing the Korean technology and collaborating on various aspects of manufacturing especially development of products in India”.
Keeping the Make In India campaign in focus, Anwar Shirpurwala, Executive Director, MAIT commented, ‘The MOU will improve the flow of information between SMEs of India and Korea, which is vital for the business communities of the two countries. Business-to-business contacts would improve by trade fairs, exhibitions, seminars and other workshops and continuous exchange of information on technology know-how and expertise to complement each other’s businesses and thereby to Make In India Programme’.