New Delhi: The Government of India and the Government of South Korea have agreed to provide support to each other’s start-ups in accordance with their respective country's schemes and programmes, and also enhance cooperation in areas of technology transfer, joint ventures, business alliances and facilitation of mutual market access. The decision was made at Korea-India small and medium enterprise (SME) bilateral working group meeting, where the Korean delegation was led by Mr Young-sup Joo, SME Minister, and the Indian delegation was led by Mr Kalraj Mishra, Union MSME Minister, Government of India. The representatives of both the sides briefed about their respective policies for promotion and development of SMEs to have a better understanding of their policies and identify areas of cooperation. An Agreement has been made to form a joint task force to prepare the action plan on this proposal discussed and timelines by the end of 2017.
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