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UNIDO to Assist Indian SMEs with Technical Knowhow

Raj Narayan's picture
Tags: funding, UNIDO
Unido to Assist Indian SMEs with Tech Knowhow
Mumbai, The UN Industrial Development Organization (UNIDO) will be providing technical expertise to small and medium enterprises (SMEs) across three specific areas in the renewable energy business as part of an overall strategy to further industrial growth in India.

A report published in the Economic Times quoting wire agency Press Trust of India said the multilateral agency can provide technical knowhow and advisory services to support India's industrial growth by supporting energy efficiency, renewal energy and overall support to the SMEs. 

The agency quoted UNIDO Director General Li Yong to say that SMEs, energy effiency and renewable energy were important drivers of industrial growth and the organization will also try and help introduce best global practices in these areas.

The UNIDO had signed an agreement with the Indian government to help improve competitiveness and output at the enterprise-level across India with an outlay of USD 107 million for the next five years.