India, South Africa explore strategic partnership in MSME sector
India and South Africa took a step towards deepening bilateral engagement by holding a meeting in New Delhi focused on enhancing cooperation and collaboration in the Micro, Small and Medium Enterprises (MSME) sector, acknowledging its pivotal role in promoting sustainable economic growth, job creation, and inclusive development.
The meeting was co-chaired by Jitan Ram Manjhi, Minister of MSME, Government of India, and Stella Tembisa Ndabeni, Minister of Small Business Development, Republic of South Africa. The discussions also reflected India and South Africa’s shared commitment to fostering a conducive environment for the development and competitiveness of MSMEs in both nations.
Both the countries discussed potential areas of cooperation, including enhancing access to finance, promoting enterprise formalization, accelerating digitalization, strengthening entrepreneurship & skilling in MSME development.
