India Helps Uganda to Promote MSMEs

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Bangalore: India is proving to be a good example to other nations. Recently Uganda, an African nation approached India to looking forward to get India’s cooperation to promote its micro, small and medium enterprise (MSME) sector.

Uganda’s Trade and  Industry minister MS. Amelia Anne Kyambadde accompanied by a group of delegates met India’s on India's MSME minister Virbhadra Singh in New Delhi to discuss the ongoing issues of medium and small industries and said that Uganda is hoping and looking forward to learn from India’s experience in the SME sector as reported in SME Times.

Kyambadde described the MSME sector in Uganda and stated that most of the entrepreneurs are still below the poverty line, further she said that a country’s economic development is also related to the SME sector; hence Uganda is keen to promote the growth of this sector.  On this note, the Minister stated that India is having rich experience in developing a robust policy framework in this sector, institutional and policy framework in this sector and Uganda is looking forward to learn from India’s experience.

R.K. Mathur, Secretary (MSME) considering the issues of Uganda’s MSME sector said that India is consistently improving in the SME sector by implying new methodologies and experimenting institutional and policy framework for the development of MSMEs. He said that India would be happy to share its experience with Uganda. However, rather than replicating the Indian experience in its totality, Uganda should customize them to suit their local needs

He then stated that India has signed MoU with several African countries for cooperation in the field of MSME sector and this has been a tested and proven method for furthering cooperation.

The MoU would provide a platform to Indian and Ugandan officials to engage in detailed deliberations at specific issues. India and Uganda could explore the possibilities of entering into a MoU in consultation with their respective foreign ministries, he said.

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