World Trade Center India Services Council pacts with NIESBUD to promote small businesses

MUMBAI: The World Trade Center India Services Council ( WTCIS) today signed an agreement with National Institute for Entrepreneurship and Small Business Development ( NIESBUD) to promote and develop small businesses.

NIESBUD is an organisation under the Ministry of Micro, Small and Medium Enterprises, which is engaged in training, consultancy as well as research, to promote entrepreneurship.

Under the agreement, WTCIS would assist NIESBUD in promotion and development of entrepreneurial environment through training, research and consultancy, besides assisting organisations in developing and promoting entrepreneurship and self-employment, according to a release issued here.

"The agreement is important in view of our endeavour to expand our services to the MSME sector in India. We believe that MSMEs play a vital role in socio-economic development.

"Our aim is to ensure they get a level playing field to compete with their larger counterparts in local as well as global markets," WTCIS Director Khair Ull Nissa said.

Commenting on the agreement, NIESBUD Director General Arun Kumar Jha said, "The agreement between NIESBUD and WTCIS will promote trade in the form of arranging events, holding conferences, seminars, training and providing incubation facilities as well as various opportunities for a global connect, with focus on MSMEs."