Union Ministry of MSME and ILO signed MoU to support the Make in India Initiative
The Union Ministry of Micro, Small and Medium Enterprises and the International Labour Organization on 3 November 2014 signed a Memorandum of Understanding.
The Union Ministry of Micro, Small and Medium Enterprises (MSME) and the International Labour Organization (ILO) on 3 November 2014 signed a Memorandum of Understanding (MoU) to support the Make in India Initiative of Union Government.
Highlights of the agreement
- The MoU is initially signed for a 5-year period to support the Make in India programme of Union Government.
- The MoU will form the basis for a technical partnership with the primary objective of creating more and better quality employment in India.
- The activities will be focused around three priority areas- entrepreneurship development, good workplace practices for improving productivity and enhancing integration into global supply chains
- The MoU will also focus on research and knowledge-building related to sustainable enterprises and formalization strategies.