In order to form a strategic alliance with exchange of services and resources for MSMEs, Power2SME has signed a memorandum of understanding (MoU) with NSIC on August 29. The MoU was signed by Ravindra Nath, CMD, NSIC and R. Narayan, CEO and Founder Power2SME.

The MOU would facilitate the two companies in reaching out to the doorsteps of MSMEs pan India with an enriched bouquet of raw materials, enabling MSMEs to focus on their core business.

Speaking on the occasion, Ravindra Nath stated that NSIC and Power2SME will further empower and propel Indian MSMEs on the fast lane of growth by making them cost competitive.

“NSIC is in the forefront of facilitating Micro, Small and Medium Enterprises through package of Services .NSIC facilitates MSMEs with a set of specially tailored schemes to enhance their competitiveness. NSIC provides integrated support services under Marketing, Technology, Finance and other Support services,” he added.

Power2SME is the first ‘Buying Club’ for the small and medium enterprises in India. Their mission is to ‘Empower SMEs’ to enable the India growth story.

NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up Training cum Incubation Centre managed by professional manpower.

Proud to sign #MoU with @NSICLTD forming a strategic alliance with exchange of services & resources provided by both companies for #MSMEs pic.twitter.com/EbgxNzIWLI

— Power2SME (@power2sme) August 29, 2017