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"The purpose of this scheme is enhancing the competency of MSMEs, capturing new markets for their products, exploring and enhancing exports, exploring new technologies for increasing manufacturing capacity, generation of employment etc," he said
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To encourage international cooperation between various countries and the micro, small and medium enterprises (MSMEs) in the country, the ministry of MSME is implementing the international cooperation scheme, said Minister of State for Micro Small and Medium Enterprises, Bhanu Pratap Singh Verma in a written reply to the Lok Sabha.
The minister said that the scheme has been in operation since its inception in 1996. The scheme facilitates Indian MSMEs for their participation in international exhibitions, trade fairs, buyer-seller meetings and for holding international conferences and seminars which are in the interest of MSME sectors.
"The purpose of this scheme is enhancing the competency of MSMEs, capturing new markets for their products, exploring and enhancing exports, exploring new technologies for increasing manufacturing capacity, generation of employment etc," he said.