On 23 December 2014, a Memorandum of Understanding was signed between the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and World Trade Centre India Services Council (WTCS). The objective of the agreement is to promote trade and commerce for the Micro, Small and Medium Enterprise (MSME) sector in India. WTCS and NIESBUD will provide training in the form of entrepreneurship development and up-skilling of domestic enterprises to facilitate export promotion by providing various services, information, certifications and data for smooth operations. The World Trade Centre will promote trade and business under one roof in order to provide a Hub for export oriented, financial and allied services which would cover all major cities through the ‘Hub & Spoke’ model. It will help micro, small and medium enterprises in accessing overseas markets for their products and services. Being a member of WTC Association, the WTCS has access to a large database of buyers and sellers, products and markets and thereby would help in promoting trade and commerce for its members. The agreement would enable exchange of information on various products, markets, buyers & sellers for benefit of MSME.
– Ministry of Micro, Small & Medium Enterprises