SME Chapter of MAIT and BIIPA sign MoU to promote local manufacturing

Aiming to promote local manufacturing, SME Chapter of MAIT has signed a Memorandum of Understanding (MoU) with the Busan IT Industry Promotion Agency (BIIPA) last week in Bengaluru. The MoU aims to bring together Indian and Korean SMEs to uphold local manufacturing by regular exchange of information on technology know-how, software development, talent exchange with a strong focus on industrial development in both the countries. The MoU was signed by Rahul Gupta, Chairman, SME Chapter of MAIT, and Seo Tae Geon, CEO, Busan IT Industry Promotion Agency, in the presence of SMEs from MAIT and Korea.



The event was attended by nine Korean SMEs, covering the entire spectrum of the IT industry from marine electronics to video translation and global promotion on internet services. This MoU has imparted further forward momentum to encourage local manufacturing of products in India and set agendas for regular engagement by expanding the scope of doing business on mutually agreed terms.


Rahul Gupta, Chairman, SME Chapter of MAIT, said, “This is a great opportunity for Indian SMEs to do local manufacturing utilizing the Korean technology and collaborating on various aspects of manufacturing, especially development of products in India.”.. See more 

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