IIA deal with NSIC packs | Latest News India - Hindustan Times
close_game
close_game

IIA deal with NSIC packs

None | By, Kanpur
Mar 28, 2006 12:21 AM IST

THE INDIAN Industries Association (IIA) has signed a memorandum of understanding (MOU) with the National Small Industries Corporation (NSIC) for extending marketing facilities for products of small-scale industries. The MOU will help create national and international markets for small industries.

THE INDIAN Industries Association (IIA) has signed a memorandum of understanding (MOU) with the National Small Industries Corporation (NSIC) for extending marketing facilities for products of small-scale industries. The MOU will help create national and international markets for small industries.

HT Image
HT Image

The MOU was signed by the NSIC chief general manager and IIA president Tarun Khetrapal.

Hindustan Times - your fastest source for breaking news! Read now.

Khetrapal told the HT that under the MOU, the websites of the two organisations would be connected and small-scale producers would be able to have the latest knowledge of market demand in different areas for goods.

He said for supplying goods to the Central government, registration of departments with the NSIC was a pre-requisite. After the MOU, the registration could be done through the IIA, without difficulty.

In order to create awareness among industrialists about the government policies and schemes, the NSIC will organise industrial camps in collaboration with the Indian Industries Association.

It would assist industrialists in credit rating to enable them to get easy bank loans. According to Khetrapal, the MOU would bring in a drastic change in the marketing pattern of small-scale industrialists and they would now be in a position to capture more customers for their products.

He said after the decline of large-scale industries in the city, small-scale industrialists had become the backbone of the economy of the city.

These industrialists were producing quality goods and in adequate quantity to cater to the needs of buyers, but for want of good marketing network, they had been lagging behind in sales, he said and added that association with the NSIC would boost small-scale industries in the next few years.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On