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India finalizes MoU on MSME Cooperation with IORA Member countries..

TNPSC Current Affairs January 21 2017

Union Government ,the Ministry of MSME has finalized MoU on micro, small and medium enterprises cooperation with IORA(Indian Ocean Rim Association ) member countries.

The MoU focused on to finalize linkages and alliances amongst MSME's organizations, associations and various institution engaged in MSME development in their countries and exchange best practice, programs and policies for development of the sector.

It also exchange greater involvement of MSME's in the global supply chain and increase their market access, also promote women and youth economic empowerment and encourage synergies with the IORA Forum.

About IORA

Indian ocean rim association is an international organization includes the coastal nation bordering Indian ocean is established in 1997 for  promote cooperation in the Indian Ocean region.

IORA Secretariat will be coordination agency for the implementation of the MoU which is located at Ebene, Mauritius. IORA special fund created for member countries to carry out this activities.

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