New Delhi, May 3: In an attempt to provide a framework to the sustainable cooperation between the SME business communities of Japan and India, CII signed a Memorandum of Understanding (MoU) with Japan Finance Corporation for Small and Medium Enterprise (JASME).
The signing of the MoU yesterday coincided with the visit of the 30-member delegation of JASME Investment Promotion Mission to India, led by JASME President Koichi Minaguchi.
Mr Minaguchi, also Leader of JASME Investment Promotion Mission to India, said that JASME was committed towards working with the CII towards fostering stronger relations between the SMEs in the two countries.
The MoU between CII and JASME, aims to foster mutual understanding and friendship between the SME business communities of Japan and India and to promote economic relations such as trade, investment, technological cooperation between the two countries, he said.
According to the MoU, both CII and JASME shall exchange information as far as possible on economic and commercial matters which will enhance cooperation between Japanese and Indian enterprises.
The agreement also provides for dissemination of information to their respective clients about business interests expressed by them, via consultations and publications. Provisions for exchange of information of relevance that will facilitate favourable environment to enhance trade and investment between Japan and India were also made under the MoU.
This is the second SME specific MoU, being signed by the CII with a SME developmental organisation in Japan.
CII had inked a similar agreement with the Organisation for Small and Medium Enterprises and Regional Innovation (SMRJ), Japan, in February this year.