CII inks MoU with UNIDO

New Delhi, Dec 7 (UNI) Industry chamber Confederation of Indian Industry (CII) today signed a memorandum of understanding (MoU) with the United Nations Industrial Development Organisation (UNIDO) to take up consolidated project for small and medium enterprise (SME) development in the country.

Elaborating on the objectives of MoU, CII Director Sarita Nagpal said the CII-UNIDO Development project will promote foreign direct investment and industrial co-operation agreements, fostering investment and partnership of selected target market countries towards the micro small and medium enterprises (MSMEs).

The MoU will facilitate and promote investment, development through cluster approach, equity financing, technology and subcontracting partnerships between SMEs and international potential partners.

The project will further upgrade and strengthen the existing capabilities and capacities of Indian SMEs through cluster twinning strategy.

UNI