Mumbai, April 25 -- National Small Industries Corporation (NSIC) and SME Corporation Papua New Guinea have signed a Memorandum of Understanding (MoU) to strengthen cooperation in the micro, small and medium enterprises (MSME) sector, marking a significant step in enhancing bilateral economic ties.

The agreement was formalised this week in Mumbai in the presence of senior officials from both countries, includingDr. Subhransu Sekhar Acharya, CMD, NSIC and Petrus Ralda, Managing Director of SME Corporation,Papua New Guineawho signed and exchanged the MoU.

Focus on technology, skilling and trade

The partnership aims to promote structured collaboration across key areas such as technology development, skill enhancement, business incubation, ...