New Delhi, October 01, 2016: (UNI) The Union Ministry for Micro, Small and Medium Enterprises (MSMEs) has signed a memorandum of understanding (MoU) with the World Bank for investing Rs 2,200 crore to set up training centres for MSME sector across India by 2017, Minister of State for MSME Haribhai Parthibhai Chaudhury said today.
“We will also monitor if the money disbursed by the Ministry has reached the target person,” said Mr Chaudhury while inaugurating an ASSOCHAM conference on ‘Startup Integration in MSME sector here.
“Saudi Arabia is likely to invest up to Rs 2 lakh crore in India, it is a confidential matter, but since we have opened our defence and aviation sectors for foreign direct investment (FDI) we hope to get significant advantage of the same in MSME sector,” said the Minister.
United News of India
