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Home > Memorandum of Understanding on Cooperation in the Field of Micro, Small and Medium Enterprises

Memorandum of Understanding on Cooperation in the Field of Micro, Small and Medium Enterprises

 

 

Memorandum of Understanding

on Cooperation

in the Field of Micro, Small and Medium Enterprises

between the Ministry of Small Scale Industries and Ministry

of Agro & Rural Industries of the Republic of India and

Ministry of Industry and Promotion of Private Sector of

Cote d'Ivoire

 

Ministry of Small Scale Industries and Ministry of Agro & Rural Industries of the Republic of India and Ministry of Industry and Promotion of Private Sector of Cote d'Ivoire (hereinafter referred to as the "Parties").

Desiring to develop micro, small and medium enterprises (MSMEs) in the respective countries.

Have reached the following understanding

ARTICLE – I

 

The Parties shall cooperate in the following areas on mutually agreed terms and conditions and in accordance with respective laws and regulations;

 

1.     Capacity building for developing policy and institutional framework through exchange of experts           for the development of micro, small and medium enterprises (MSMEs) in Cote d'Ivoire.

2.     Carrying out industrial potential surveys and feasibility studies to identify thrust areas and

        opportunities for development of MSMEs in Cote d'Ivoire.

3.     Promoting partnership projects and institution-to-institution and enterprise-to-enterprise

        cooperation between the two countries.

4.     Providing training for improvement of managerial & technical skills for MSMEs.

5.     Organising exhibitions and trade fairs in India and Cote d'Ivoire for marketing of products

        and small projects.

6.     Exchanging business missions to help initiate technology transfer and sustainable

        business alliances between Indian and Cote d'Ivoire enterprises.

 

 

ARTICLE – 2

 

A Joint Committee, hereinafter referred to, as "Committee", shall monitor the implementation of this MoU.  The Committee shall comprise representatives of the Ministry of Small Scale Industries and Ministry of Agro & Rural Industries on the Indian side and of the Ministry of Industry and Promotion of Private Sector on Cote d'Ivoire side.  Each party shall inform the other about the composition of the member (s) of the Joint Committee from its side.

 

ARTICLE – 3

 

(i)     The Committee shall meet in ordinary session, once in a year, in India or Cote d'Ivoire  alternately,

       and in extraordinary sessions at the request of either party at any time,when necessary.

(ii)    The Committee shall oversee formulation of programmes and plans of cooperation and monitor    

        the progress of implementation with the aims of strengthening relations and partnership between    

        the two countries in the field of promotion and development of MSMEs.

 

ARTICLE – 4

 

The Parties shall regularly exchange information relating to micro, small and medium business enterprises, development opportunities and possibilities of partnerships and shall work towards their achievement.

 

ARTICLE – 5

 

The Parties may, by mutual consent, make amendments to this MoU. Any amendment shall enter into

force under the same terms and conditions as required for the entry into force of this MoU. 

 

ARTICLE – 6

 

Any dispute between the Parties arising out of the interpretation of this MoU shall be settled amicably through consultation or negotiation between the parties and through diplomatic channels.

 

ARTICLE – 7

 

This MoU shall enter into force upon signature by both the parties and shall remain in force unless it is terminated by either party giving a 90 days written notice to the other party through diplomatic channels, indicating its intention to terminate this Memorandum of Understanding.

 

ARTICLE – 8

 

Termination of this MoU shall not affect the completion of any project undertaken pursuant to this MoU prior to its termination, unless the parties agree otherwise.

 

 

IN WITNESS WHEREOF, the following representatives duly authorized thereby by their respective Governments have signed this MoU.

 

Signed at New Delhi on this 14th day of February 2007 in two originals in English, Hindi and French languages, all texts being equally authentic.  In case of any divergence of interpretation, the English

text shall prevail.

 

 

 

 

For The Ministry of Small Scale Industries and Agro & Rural Industries

Government of Republic of India

 

For Ministry of Industry and Promotion of Private Sector

Government of Cote d'Ivoire

     

Name: Shri Mahabir Prasad

Designation: Minister of Small Scale Industries and  Agro & Rural Industries, Government of Republic of India

 

Name: Madam Amah Marie TEHOUA

Designation: Minister of Industry and Promotion of Private Sector, Government of Cote d'Ivoire

 
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