India & Mauritius to sign MoU to enhance collaboration in the field of cooperatives
Institutional and agricultural areas such as cooperative education, technical assistance in cooperatives and the dairy sector will be the main areas of concern in this MoU. (Image: The Hindu Business Line)
The Ministry of Business, Enterprise and Cooperatives of Mauritius and the Ministry of Agriculture of India will sign a Memorandum of Understanding (MoU) in order to enhance their collaboration in the field of cooperatives.
The objective behind this collaboration is to provide for greater cooperation in areas pertaining to the regulatory framework for cooperative development policies and strategies.
Therefore, institutional and agricultural areas such as cooperative education, technical assistance in cooperatives and the dairy sector will be the main areas of concern in this MoU.
Another important component of this collaboration is the sharing of information, exchange of views and identification of new avenues in the field of cooperatives in relation to areas such as agriculture, agro-processing and handicraft.
Furthermore, Mauritius and India have signed a wide range of bilateral agreements and MoUs for capacity building to develop appropriate policies towards trainings for honing managerial and technical skills for these units.
The last Memorandum of Understanding based on business enterprise and cooperatives was signed in 2013. The agreement was based on the possibility of setting up a vocational trainings–cum–incubation centre for the benefit of the Mauritian SME sector as well as in the field of skill development and capacity building aimed at development of micro and small units.
An incubation centre would provide hands-on practical training to first-generation budding entrepreneurs and unemployed persons in order to equip them with knowledge and expertise for setting up new enterprises.
Over the past forty years, India has extended its assistance in terms of some high visibility projects in Mauritius in the fields of infrastructural development, human resource, skill development, capacity building and project appraisal.