Mishra also insisted upon synergy between MGIRI and KVIC. He announced that KVIC will provide Rs.1 cr. out of Science & Technology Budget during 2015-16 for development of specific product processes. Union Minister also announced a Plan assistance of Rs.6.5 cr. and non-Plan assistance of Rs.3.24 crore for MGIRI.
Mishra emphasized that Research and Development has to be the corner stone of MGIRI in identifying new products and ideas in the Village Industry sub-sectors. The Minister stressed on the importance of spreading the awareness and the good work being done by MGIRI. It was desired that MGIRI will at least develop five new technologies for commercialization. It will come up with new projects approved by Department of Science and Technology. To start with, MGIRI can also enter into MoUs various Institutes for propagation of its technologies.
Both Vice President of MGIRI V.K.Saxena, Chairman KVIC and K.K. Jalan, Secretary M/o MSME also attended the meeting along with other non-official members.