**Summary of MoU between India and the Republic of Korea for MSME Cooperation**
On April 20, 2026, the Indian Ministry of Micro, Small and Medium Enterprises and the Republic of Korea’s Ministry of SMEs and Startups signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation within the MSME sector. The agreement was formalized during an official visit to India by a South Korean delegation led by President H.E. Lee Jae Myung.
**Key Objectives and Framework**
The MoU establishes a structured framework designed to facilitate sustained dialogue and a deeper understanding of the respective MSME ecosystems. The partnership aims to:
* **Strengthen Stakeholder Engagement:** Enhance collaboration between ministries and industry stakeholders to explore mutually beneficial opportunities.
* **Boost Trade and Investment:** Foster economic growth through the exchange of experts and information, sharing of best practices, and technical collaboration.
* **Facilitate Business Linkages:** Support joint initiatives such as business matchmaking to strengthen connections between MSMEs in both nations.
**Strategic Impact**
This partnership underscores a shared commitment to positioning MSMEs as primary drivers of innovation, inclusive growth, and employment generation. It represents a significant advancement in deepening the economic ties between India and the Republic of Korea.
**Administrative Details**
* **Date of Signing:** April 20, 2026
* **Release ID:** 2254252
* **Visitor Counter:** 247
* **Contact Information:** Sunil Kumar Tiwari (Email: hipessi[at]gmail[dot]com)
Key Entities Referenced
Ministry of Micro, Small and Medium Enterprises: The primary Indian government ministry that signed the MoU to strengthen bilateral cooperation and ecosystem engagement in the MSME sector.
Ministry of SMEs and Startups (Republic of Korea): The South Korean counterpart ministry that entered into a structured framework for collaboration on trade, investment, and technical exchange.
Lee Jae Myung: President of the Republic of Korea, who led the official delegation during which the bilateral agreement was signed.
Ministry of Micro,Small & Medium Enterprises
India and Republic of Korea Sign MoU to
Strengthen Cooperation in MSME Sector
Posted On: 21 APR 2026 7:20PM by PIB Delhi
During the ongoing visit of the delegation led by H.E. Lee Jae Myung, President of the Republic of Korea,
to India, the Ministry of Micro, Small and Medium Enterprises signed a Memorandum of Understanding
(MoU) with the Ministry of SMEs and Startups on April 20, 2026, to strengthen bilateral cooperation in
the MSME sector.
The MoU establishes a structured framework for collaboration between the two Ministries, enabling
sustained dialogue on key MSME-related issues and facilitating the exploration of mutually beneficial
opportunities. It seeks to promote a deeper understanding of each other’s MSME ecosystems and enhance
engagement between stakeholders.
The agreement aims to boost trade and investment by fostering cooperation through the exchange of
information and experts, sharing of best practices, business matchmaking, and technical and economic
collaboration. It also supports joint initiatives to strengthen linkages between MSMEs of both countries.
This partnership marks a significant step towards deepening India–Korea economic cooperation and
underscores the shared commitment to empowering MSMEs as key drivers of inclusive growth,
innovation, and employment generation.
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Sunil Kumar Tiwari
E-Mail - hipessi[at]gmail[dot]com
(Release ID: 2254252) Visitor Counter : 247
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