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NSIC has signed a memorandum of understanding (MoU) with the Small Business Corporation (SBC) of South Korea to facilitate, assist and provide necessary support to the Micro, Small & Medium Enterprises (MSMEs) of both the countries, and to identify and exchange latest technologies, share management expertise, product development, technology applications for productive development coinciding with the inauguration of Indo-Korean Technology Exchange Centre at NSIC campus, Okhla Industrial Estate, New Delhi. The MoU was signed by Ravindra Nath, CMD, NSIC and Lee Sang Jik, Chairman of SBC, South Korea, in the presence of Giriraj Singh, Minister of State (Independent Charge), Ministry of MSMEs and Hong Jong Haak, Minister of SMEs and Start-ups of Republic of Korea. Dr A K Panda, Secretary, MSME and Ms Alka Nangia Arora, Joint Secretary, MSME, P Udayakumar, Director (P&M), A K Mittal, Director (Fin), NSIC. The Senior Officers of the Ministry of MSME and NSIC were also present on this occasion.