India and Morocco sign MoU to enhance cooperation in MSME sector

In order to deepen the cooperation between the MSME sectors of the two countries in Rabat, Morocco, a Memorandum of Understanding (MoU) was signed between India and Morocco. Both the parties discussed ways and means to synergise the strengths of both the countries in the MSME sector in terms of capacity building, sharing of experiences, exchange of business delegations for creating linkages, joint ventures and technology transfer. Besides, the MoU will also facilitate the transfer of Indian technologies and products of Morocco. While Morocco has a very small MSME sector in manufacturing, Indian has a strong MSME sector, especially in manufacturing.