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India-Korea Technology Exchange Centre Inaugurated

The India-Korea Technology Exchange Centre was inaugurated by the Minister of State (I/C) MSMEGiriraj Singh and Minister of SMEs and Start-ups of Republic of Korea, Hong Jong- haktoday in New Delhi.

                 Speaking on this occasion, Giriraj Singh said that the purpose of the Technology Exchange Centre is to create a platform for micro, small and medium enterprises of India and Korea for identifying and exchanging technologies and for sharing management expertise; it will also work towards building reliable alliances in Space, Solar Energy, Nano technologies and some other upcoming technologies.

This platform apart from initiating technology transfers in MSME sectors between the two countries will also find reliable partners for having business alliances. 

The Minister of SMEs and Start-ups of Republic of Korea, Hong Jong-hak said his country has strong industrial base with well-developed small and medium enterprises (SME) sector, especially in advanced manufacturing technologies such as machinery & equipment, electronics, electrical machinery & equipment and robotics adding that SMEs of both the countries can learn from each other to enhance their comparative advantages and be competitive in the world.

Secretary, MSME Dr. ArunKumar Panda emphasized the need for sharing the comparative advantage of MSMEs of different countries in the competitive environment. He said Indian MSMEs are very competitive in sectors like auto components, drugs and pharmaceuticals, IT bio-technology, agro and food processing.  

The India-Korea Technology Exchange Centre will work as the official statement says,  towards …creating Technology Data Bank from each side to encourage technology transfers, production of high quality products in India and encouraging Joint Ventures and business matching between Indian and Korean SMEs, besides others.

            On this occasion, an MoU was signed between the Small Business Corporation (SBC) of Korea and the NSIC for cooperation in the field of MSME Sector.  The SBC will mobilise the South Korean MSMEs for technical and business alliances with their counterparts in India and organise partner matching events in Korea for Indian delegations.

The India-Korea Technology Exchange Centre has been established at the National Small Industries Corporation premises in New Delhi.

 


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