MSME Minister to inaugurate Rapid Incubation Centre in Rwanda

MSME Minister Kalraj Mishra will visit Rwanda this week to inaugurate a Rapid Incubation Centre meant for food processing, light engineering and vocational trades.
The Centre has been established by NSIC under India Africa Forum Summit (IAFS-II). The minister is slated to visit Rwanda on January 16 and 17.
The Rwandan government is in the process of establishing small enterprises in the country and looks to India for cooperation in the development of MSMEs in that country.
Rwanda's economy is based mostly on subsistence agriculture and its manufacturing sector is dominated by the production of import substitutes for internal consumption.

"The visit will provide an insight into the structure of Micro, Small & Medium enterprises in Rwanda and will help strengthen areas of cooperation at policy level in this sector," according to an official statement.
Besides, the Minister will also visit South Africa to discuss expansion of bilateral cooperation in the field of MSMEs between the two countries.

National Small Industries Corporation (NSIC), an enterprise with the Ministry of MSME, is signing an MoU with Black Business Council (BBC) of South Africa for developing youth-owned enterprises in South Africa.
The MoU is scheduled to be signed in the presence of MSME Minister during his visit to South Africa.

The MoU, besides cooperation in MSME sector, also focuses on BBC's efforts to economically empower the marginalised group in South Africa through NSIC's Rapid Incubation Programme.
NSIC has been requested by BBC to establish five such Rapid Incubation Centres in South Africa.