India-US MoU to Boost Cooperation on Small Businesses

Key Points

Signatories: Ministry of Micro, Small and Medium Enterprises (MOMSME), India & Small Business Administration (SBA), USA.

Objective

The MoU aims to promote cooperation on Small and Medium-sized Enterprises (SMEs).

Areas of Collaboration

Enhancing MSME Participation in Global Market

• Mutual visits, webinars, and workshops.
• Focus on access to trade & export finance.
• Technology & digital trade.
• Green economy & trade facilitation.

Empowering Women Entrepreneurs

• Joint programs for capacity building.
• Strengthening trade partnerships between Women-Owned Small Businesses (WOSBs) of both nations.

Business Matching Platform (Exploration)

The platform will recognize MSME's role in inclusive growth, export expansion, and job creation.