19 May 2012

Projects by NSIC in Other Countries

The National Small Industries Corporation Ltd. (NSIC), a PSU under the administrative control of Ministry of Micro, Small and Medium Enterprises has helped in setting up five projects in South Africa during the last three years, as follows:

Name of the country
Name of the projects
South Africa
§        Wire Nail Making Project

§        Barbed Wire Making Project

§        Wire Drawing Project

§        Exercise Note Book Making Project

South Africa
§        Toilet Roll Making Project

§        Plastic Injection Moulding Project

In addition, NSIC is also setting up India-Africa Vocational Training Centres (VTCs)/Incubation Centres (ICs) under India-Africa Forum Summit (IAFS) 2008 in ten selected African countries viz. Ethiopia, Gabon, Burundi, Burkina Faso, Gambia, Rwanda, Mozambique, Zimbabwe, Libya and Egypt.

           NSIC has made its contributions for the growth of small scale industries sector during last three years through the following schemes:

1. Marketing Assistance Scheme:
·          Single Point Registration Scheme for Government Purchase
·          Tender & Consortia Marketing
·          Exhibition & Technology Fairs
·          Buyer Seller Meets
·          Raw Material Distribution Scheme
2. Credit Support to MSMEs:
·          Meeting credit needs of MSMEs through tie up arrangement with Banks
·          Financing procurement of Raw Material & Marketing Activities (short term)

3. Support Services:
·          Performance & Credit Rating Scheme for Small Enterprises
·          B2B Portal for MSMEs
·          Marketing Intelligence Cell
·          Software Technology Parks

4. Technology Support

·          Training in various technical trades and entrepreneurship programmes              Common Facility Services

This information was given by the Union Cabinet Minister for Micro, Small and Medium Enterprises, Shri Virbhadra Singh in a written reply to a question in the Lok Sabha today.

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