National Small Industries Corporation (NSIC) signed an MoU with SME Corporation Malaysia for exchange of information and cooperation in areas such as policies to aid development of small and medium businesses (SMBs) in the two countries.
Besides, three other agreements were also signed between Indian and Malaysian entities to strengthen cooperation among smaller businesses in these countries. Bilateral trade (between India and Malaysia) was registered at $12.02 billion in 2015.
Static/Current Takeaways Important for Syndicate Bank PO 2018 Exam-
- Micro, Small and Medium Enterprises (MSME) Minister- Giriraj Singh.
Source- The Hindu Business Line