During the visit of Hon’ble President of India, Sh Pranab Mukherjee to Turkey, NSIC signed an Memorandum of Understanding with Small & Medium Enterprises Development Organisation (KOSGEB) of Turkey. The Mou was signed by Dr. H.P. Kumar, Chairman cum Managing Director on behalf of NSIC and Mr. Mustafa Kaplan, President of KOSGEB, in the presence of Hon’ble President of India and the Hon’ble President of Turkey.The said MoU envisages cooperation in the field of micro, small & medium enterprises in terms of experience sharing, building alliances in terms of technology transfer, joint ventures or sustainable business alliances.

A delegation led by Ambassador Mr. Jean –Baptiste ,Chief of Staff of the Bureau of the Chairperson ,Africa Union Commission visited NSIC during their recent visit to India to know about the activities of NSIC for the development of MSMEs in the country. The delegation was briefed by Dr. H.P. Kumar, CMD, NSIC and other officials about the various initiatives taken by NSIC within India and abroad. The African Union delegation also visited the NSIC’s Rapid Incubation centre for creating self employment opportunities and further expressed their desire to set up similar Incubation Centre(s) ,developing policies and Institutional framework for SME development in the African Union.

Shri MadhavLal, Secretary, MSME ,Government of India alongwith Dr.H.P.Kumar, CMD, NSIC interacted with the industries associations at Ludhiana to have their feedback and suggestions for increasing the manufacturing growth of MSME sector in the country.

Under its Corporate Social Responsibility initiatives, NSIC in association with Handicapped Welfare Federation set up a Computer Training Centre for the benefit of Weaker Sections of the Society. Shri A.K.Aggarwal, General Manager (SG)(HR) ,NSIC Limited inaugurated the centre.

NSIC entered into MOU agreement with State Bank of India on 8th July 2013 to promote and facilitate credit flow for sustainable development of MSMEs. This joint initiative aims at developing and strengthening of framework to support Micro, Small and Medium Enterprise with loan financing so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. Bipin Kumar Bhardwaj Deputy General Manager of State Bank of India.

On 13 June 2013, NSIC and Canara Bank signed a MOU agreement to promote Credit facilitation for sustainable development of MSMEs.The agreement not only aims at facilitating credit for MSMEs but also encourages them for being rated under Performance and Credit Rating Scheme so as to prepare them for meeting emerging global challenges. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. K.S Chandramouli General Manager of CANARA BANK.

NSIC has been making sustained endeavors for catering to the financial needs of MSMEs by making tie ups with various banks. This initiative has been extended with NSIC entering into MOU with SYNDICATE BANK on 10.06.2013. This makes SYNDICATE BANK the 22nd commercial bank to enter into this unique tie up arrangement . Under this MOU arrangement collaborative efforts would be undertaken to extend timely and affordable credit to MSMEs. The MOU was signed by Sh. Ravindra Nath Director (Finance) of NSIC and Sh. S.K. Thakkar General Manager of SYNDICATE BANK.

Prof.Shoji Shiba, Chief Adviser, Visionary Leaders for Manufacturing Program (VLFM ), Japan and Dr. Sarita Nagpal of CII called upon Dr. H.P. Kumar, CMD, NSIC to apprise him of their new initiative “ 1000 SME Projects” which aims to help MSMEs who have a customer –supplier relations to transform themselves into having win-win relationships.

A delegation led by His Excellency Mr.Jose Maria Morais ,High Commissioner, , Republic of Mozambique visited NSIC to discuss various areas of development cooperation between India and South African Development Community (SADC) members and to know about self-employment opportunities through Incubation program of NSIC in the country. The delegation was briefed by Dr. H.P. Kumar, CMD, NSIC and other officials about the program. The SADC Committee of Ambassadors expressed their keen interest in the Incubation Centres set up by NSIC for self employment creation.

The SME Conclave 2013 organised by CARE Rating Agency was inaugurated by Dr.H.P.Kumar,CMD,NSIC recently. Also present on the occasion were Mr.Rakesh Dogra, Managing Director & CEO,CARE Ratings. Giving his inaugural address ,Dr Kumar,CMD,NSIC stated Indian SMEs have been the driving force of India`s growth story. Even in times of current financial crisis the resilience of the sector has helped Indian economy to stay buoyed. In order to continue the growth story it is necessary that SMEs receive encouragement and support from the Banks and Rating agencies so that they adopt and obtain new facilities for their needs. Many SMEs are not aware as to how to take advantages of numerous opportunities and various support services available to them for their business and growth. The SMEs should come forward take advantage of various facilities being offered by NSIC and avail its benefits. The latest technologies, marketing strategies, innovative ideas, IT solutions and financial products are the main areas on which SMEs should focus constant attention for sustained development.

Dr. H.P. Kumar, Chairman cum Managing Director, National Small Industries Corporation, New Delhi and Ms. Susan Fennell, Mayor of Brampton, Canada shared their views on potential & opportunities for cooperation in Small & Medium Enterprise Sector between both the countries in an Interactive Session during the visit of the Canadian delegation led by Ms. Fennel to India recently.

NSIC signed Memorandum of Understanding (MOU) for the year 2013-14 with Ministry of Micro, Small and Medium Enterprises. The MOU was signed by Shri Madhav Lal, Secretary, MSME, Govt. of India and Dr. H.P. Kumar, CMD, NSIC. Shri C.K. Mishra, Joint Secretary, Ministry of MSME ,Shri Ravindra Nath, and Shri P.Udayakumar, Directors were also present.