MSME Minister Kalraj Mishra today inaugurated a workshop to enhance cooperation with the member countries of Indian Ocean Rim Association (IORA).
"This workshop will strengthen economic relationship amongst the member countries in the field of trade and investment facilitation especially in MSME sector," the ministry said in a statement quoting Mishra.
The workshop, he said, will also facilitate exchange of ideas, concerns and experiences of IORA member states and would help evolve a common MoU to address the emerging challenges in the region.
Speaking at the event, MSME Secretary K K Jalan said that with the combined population of over 2 billion, IORA and India represent a vast market for goods and services and it is highly attractive due to large segment of high consuming middle class of about 600 million persons in India.
The Ministry of MSME in consultation with the External Affairs Ministry and IORA Secretariat organised this workshop, wherein 23 representatives from 13 member countries including Mozambique, Sri Lanka, South Africa, Kenya, Malaysia, Mauritius, Singapore, Australia, UAE and Yemen participated.
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