NSIC exchanged Memorandum of Understanding (MOU) for cooperation with Social Fund for Development (SFD), Arab Republic of Egypt in the august presence of Hon’ble Prime Minister of India, Dr. Manmohan Singh and Hon’ble President of Arab Republic of Egypt H.E. Mr. Mohamed Morsy during the visit of the Hon’ble President of Egypt to India. The MoU was signed by Dr. H.P. Kumar, Chairman & Managing Director, NSIC and Mrs. G.H. Waly, Managing Director of SFD at Hyderabad House on March 19, 2013. The MoU envisages cooperation between two organizations for the development of micro & small enterprises in Egypt.