India and the Republic of Korea have signed a key agreement to enhance collaboration in the MSME sector, aiming to boost trade, investment, and joint business opportunities.

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• India and the Republic of Korea signed a memorandum of understanding to strengthen cooperation in the micro, small and medium enterprises sector and deepen bilateral economic engagement.
• The agreement was finalised during the visit of a delegation led by Lee Jae Myung, marking a significant step in strengthening business ties between the two countries.
• The MoU establishes a structured framework that enables continuous dialogue on key MSME-related issues and promotes mutual understanding of each country’s enterprise ecosystem.
• It encourages collaboration through exchange of information, sharing of best practices, and participation of experts to improve business efficiency and innovation capabilities.
• The agreement also focuses on business matchmaking initiatives, helping enterprises from both countries identify partnerships and expand their market presence.
• It supports technical and economic cooperation, ensuring that MSMEs benefit from joint initiatives and improved access to global value chains and resources.
• The partnership aims to strengthen linkages between MSMEs of both nations, fostering innovation, employment generation, and inclusive economic growth.
• Officials described the agreement as a major step toward enhancing India-Korea economic relations and promoting long-term collaboration in the MSME sector.