India And South Korea Sign Pact To Boost MSME Ties

27 Apr 2026 CW Team

The MoU sets out mechanisms for exchange of information and experts, the sharing of best practice, business matchmaking and technical and economic collaboration to boost investment and market access for small firms. It supports joint initiatives to strengthen linkages between MSMEs of both countries and envisages programmes to facilitate technology transfer and digital adoption. Officials indicated that the partnership will promote capacity building and innovation across supply chains and will seek to mobilise both public and private resources.

In addition, India and South Korea exchanged a joint declaration to resume negotiations to upgrade the Comprehensive Economic Partnership Agreement (CEPA) and to implement the India–Korea Digital Bridge, a framework for cooperation in artificial intelligence, semiconductors and information technology. The prime minister described the steps as intended to convey a message of peace and stability in a period of global tension and to build foundations for the next decade. Leaders emphasised that the digital initiative will deepen collaboration on advanced technologies and supply chain resilience.

The pact marks a significant step in bilateral economic cooperation and reiterates a shared commitment to empower MSMEs as drivers of inclusive growth, innovation and employment generation. Officials said the arrangement will enable sustained institutional contact and practical support measures to enhance trade, investment and digital economic collaboration. Both sides will now proceed to detailed workplans and expert exchanges to translate the agreement into concrete outcomes.

India and South Korea signed a Memorandum of Understanding (MoU) between India's Ministry of Micro, Small and Medium Enterprises and South Korea's Ministry of SMEs and Startups during President Lee Jae Myung's visit. The agreement establishes a framework for cooperation, trade and innovation in the Micro, Small and Medium Enterprises (MSME) sector and seeks sustained dialogue on key regulatory and operational issues. It aims to deepen mutual understanding of each nation’s MSME ecosystem and to enhance engagement between business stakeholders and policymakers. The MoU sets out mechanisms for exchange of information and experts, the sharing of best practice, business matchmaking and technical and economic collaboration to boost investment and market access for small firms. It supports joint initiatives to strengthen linkages between MSMEs of both countries and envisages programmes to facilitate technology transfer and digital adoption. Officials indicated that the partnership will promote capacity building and innovation across supply chains and will seek to mobilise both public and private resources. In addition, India and South Korea exchanged a joint declaration to resume negotiations to upgrade the Comprehensive Economic Partnership Agreement (CEPA) and to implement the India–Korea Digital Bridge, a framework for cooperation in artificial intelligence, semiconductors and information technology. The prime minister described the steps as intended to convey a message of peace and stability in a period of global tension and to build foundations for the next decade. Leaders emphasised that the digital initiative will deepen collaboration on advanced technologies and supply chain resilience. The pact marks a significant step in bilateral economic cooperation and reiterates a shared commitment to empower MSMEs as drivers of inclusive growth, innovation and employment generation. Officials said the arrangement will enable sustained institutional contact and practical support measures to enhance trade, investment and digital economic collaboration. Both sides will now proceed to detailed workplans and expert exchanges to translate the agreement into concrete outcomes.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Real Estate

04 Aug 2026

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Infrastructure Energy

04 Aug 2026

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..