India signs agreements with China to boost SME sector, reduce trade deficit
The Dollar Business Bureau | @TheDollarBiz The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has signed five MoUs with Small & Medium Enterprises (SMEs) of China with an eye to improve the SME sector in India and reduce India’s trade deficit with China. The MoUs were signed by Wu Xiaochun, Director General, SME Bureau China and ASSOCHAM’s Secretary General D.S. Rawat. ASSOCHAM says that the cooperation will promote and help the SMEs to exchange technologies and enter joint ventures (JVs) in several sectors including processed food, cosmetics, rubber, plastics, textiles, machines for garment industry, and small scale plants for consumer durables. Source - Ministry of Commerce, India According to ASSOCHAM, enormous opportunities exist in agriculture products, and machinery ...
