At the first Korea-India SME bilateral working group meeting, ministers of the two countries have agreed to cooperate on facilitating exchange between their small and medium businesses. Establishing a technology exchange center, Indian and Korean startups will be supported through technology transfer, joint ventures, various business alliances and mutual market access.
The goal is to identify startups that might benefit from establishing a market presence in the partner’s country, and therefore help each other find solutions. The National Small Industries Corporation (NSIC) from India and the Small Business Corporation from the Republic of Korea respectively will be assisting in the facilitation of the project.
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