India, Slovenia MSMEs to Collaborate in IT

Slovenia, a south-eastern European nation, on Tuesday said it is keen to collaborate with Indian Micro, small and medium enterprises (MSMEs) mainly in the IT sector. A delegation led by Darja Radic, Minister of Economy of the Republic of Slovenia called on Virbhadra Singh, Minister of MSME in Delhi. Radic told MSME Minister, "Slovenia is a member of European Union and can offer a gateway to the Indian MSMEs for whole of Europe. It is a very good opportunity for the Indian MSMEs to partner with Slovenia counterparts in capturing the European markets.” Radic and Singh discussed ways to increase collaboration in the sector.

India's IT sector contribute over 50% in the country's economic growth. Both the ministers also discussed possibilities for collaboration in MSMEs involved in glass manufacturing and renewable energy of both the nations. Suggestion were made to the delegation about sending an IT delegation to there with the objective to establish Indian IT units and to provide technology and employment to the local people, an official statement said. It was also suggested to set up an Indo-Slovenia Industrial Estate to promote business tie-ups and ventures between the MSMEs of the two countries, it said. In India, MSMEs are the second largest employers in the country after the agriculture sector.