The India-Korea Technology Exchange Centre was inaugurated at National Small Industries Corporation premises in New Delhi. It was inaugurated by Minister of State (I/C) MSME Giriraj Singh and Minister of SMEs and Start-ups of South Korea, Hong Jong- hak.
The purpose of centre is to create platform for MSMEs of India and South Korea where they can be assisted to identify and exchange latest technologies, share management expertise, product development and technology applications for product development.
It will also create Technology Data Bank from each side to encourage technology transfers, production of high quality products in India. It will also encourage Joint Ventures (JVs) and business matching between Indian and South Korean SMEs, besides others.
The centre will work towards identifying Indian technologies which can be exported to Korea and find suitable Korean partners for the same. It will initiate various cooperative MSME projects complimenting each other’s strengths in MSME sector.