- The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has signed the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Micro, Small and Medium Enterprises.
- The objective of the MoU is to promote cooperation between the Micro, Small and Medium Enterprises of the two countries. It provides a structured framework and enabling environment to the Micro, Small and Medium Enterprise (MSME) sector of the two countries to understand each other’s strengths, markets, technologies, policies etc
- It also enables the respective MSMEs to participate in each other’s trade fairs/exhibitions and to exchange business delegations so that joint ventures, tie-ups, technology transfer etc. could take place.
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