22 February 2019 - 13:58
News Code 83218454
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Iran, India ink $2m MoU for entrepreneurship cooperation

Tehran, Feb 22, IRNA – Iran and India signed an agreement worth two million dollars for entrepreneurship cooperation.

The Omid Entrepreneurship Trust of the Islamic Republic of Iran website wrote on Friday that the deal was signed in Hyderabad, India on February 21. Asghar Noorullah Zadeh, Director General of the Omid Entrepreneurship Trust of the Islamic Republic of Iran, and Senile Shukla, head of Entrepreneurship Development Institute of India, were signatories to the agreement.

Under the memorandum, signed on the the sidelines of the biennial conference on the development of entrepreneurship in India, the special entrepreneurship center for the small- and medium-sized enterprises of India-Iran will be created in Tehran.

Providing specialized training courses, sharing knowledge to identify entrepreneurship capacities, implementing entrepreneurship development and microfinance programs are central tasks of this center.

India is one of the most successful countries in the development of micro and small businesses in the world, and implementation of this memorandum can be a base to use its experience in developing entrepreneurship, the financing system for micro and small businesses in rural and outskirt of cities, and poor–developed areas of to Iran.

Ali Rabiei, chairman of the board of directors of the fund, is heading the Iranian delegation on the visit.
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