Indian Economy News

Ministry of MSME and ILO sign MoU to support the Government’s Make in India programme

New Delhi: The Ministry of Micro, Small and Medium Enterprises and the International Labour Organization signed a Memorandum of Understanding here today. The Secretary, MSME Shri Madhav Lal welcomed and expressed hope for greater synergies between the sake holder. He further added that the MoU will form the basis for a technical partnership with the primary objective of creating more and better quality employment in India. Its activities will be focused around three priority areas; entrepreneurship development, good workplace practices for improving productivity and enhancing integration into global supply chains, and research and knowledge-building related to sustainable enterprises and formalization strategies.

The MOU is initially for a 5-year period and will support the Government's "Make in India" programme.

Shri Madhav Lal, Secretary, MSME and Ms. Tine Staermose, Director, Decent Work team for South Asia and Country Office of India signed the MOU on behalf of their organizations.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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