Activities Round Up

Date : 20 Oct to 20 Oct 2015
Place : New Delhi
Organised by : FISME

FISME & NCCS (Sri Lanka) sign MoU to facilitate trade between member MSMEs

On the side lines of regional meeting of SAARC Trade Promotion Network held in New Delhi, India’s premier MSME body Federation of Indian Micro and Small & Medium Enterprises (FISME) and National Chamber of Commerce of Sri Lanka signed a mutual cooperation agreement to facilitate trade between member MSMEs.

The MoU was signed by President FISME (India), Sangam Kurade, and President, NCCS (Sri Lanka), Thilak Godamanna.

With return of normalcy in Sri Lanka, business is on boom.  Sri Lankan entrepreneurs are interested in importing capital goods plants and machines from India.  Many Sri Lankan MSMEs also look at India as a big market but find it difficult to access. The cooperation between FISME and NCCS would address these problems.

The SAARC TPN project which is being supported by GIZ is facilitating greater Intra-SAARC.

It has supported strengthening of regional value chains in two sectors namely fruit juices and textiles. The project is being implemented by FISME.

FISME’s experts have been working to build capacities of select MSMEs in Nepal, Bhutan and Sri Lanka enabling them export fruit juices to India.  Similarly, it has been working with Indian manufacturers of yarns and textiles to export their products to Bangladesh.