"India is happy to share its experience with Rwanda in developing skills, technology and products for the development of small and medium enterprises," Mishra said, according to a statement issued by the Micro, Small & Medium Enterprises (MSME) Ministry.
The Minister said the incubator envisages transformation of an unemployed youth into budding entrepreneur in just few months time.
It shall also provide an opportunity for first generation entrepreneurs to acquire skills on basic technical trades and gain exposure in all areas of business operation such as business skill development, identification of appropriate technology, he added.
"I am quite optimistic that this effort of Government of India will help significantly in bridging the gap of required skilled work force as well as foster the growth of new enterprises in Rwanda and neighbouring countries," Mishra said.
"We understand that Rwanda's economy is based mostly on subsistence agriculture and its manufacturing sector is dominated by the production of import substitutes for internal consumption. Government of Rwanda is in the process of establishing small enterprises in the country," he added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
