India Signs UNIDO Pact to Support Manufacturing MSMEs Under BRICS Framework

0
361

India has joined the BRICS Centre for Industrial Competencies, a UNIDO-backed initiative focused on strengthening manufacturing and MSMEs through technology adoption and productivity enhancement. A trust fund agreement between DPIIT and UNIDO has formalised India’s role, with the National Productivity Council named as the nodal agency. The move is expected to support India’s MSME sector, which contributes nearly 30% to GDP and employs over 110 million people.

India on Wednesday formally became part of the BRICS Centre for Industrial Competencies (BCIC), a multilateral initiative aimed at strengthening manufacturing ecosystems and supporting micro, small, and medium enterprises (MSMEs) across BRICS countries. The announcement was made at an event organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhavan, New Delhi.

The BCIC has been developed in partnership with the United Nations Industrial Development Organization (UNIDO) and is intended to function as a common platform providing integrated industrial support services, with a strong focus on digital manufacturing, automation, and Industry 4.0 capabilities.

Agreement Signed To Operationalise India’s Participation 

India’s participation was formalised through the signing of a Trust Fund Agreement between DPIIT and UNIDO. The agreement was signed by Agrim Kaushal, Economic Adviser at DPIIT, and Dr Cristiano Pasini, Director at UNIDO, enabling structured cooperation under the BCIC framework.

Officials said the agreement provides the institutional foundation for India’s engagement with BCIC programmes covering technology adoption, productivity improvement, and capacity building for enterprises.

NPC Designated As India’s BCIC Centre

The government has designated the National Productivity Council (NPC) as the India Centre for BRICS Industrial Competencies. Operating under the policy guidance of DPIIT and supported technically by UNIDO, NPC will coordinate India’s participation in BCIC-led initiatives.

NPC’s mandate will include promoting productivity enhancement, facilitating training programmes, and supporting the adoption of advanced manufacturing practices, particularly among MSMEs.

Why BCIC matters for India’s MSMEs? 

India’s MSME sector forms a critical pillar of the economy, accounting for nearly 30% of India’s GDP, around 45% of merchandise exports, and employing over 110 million people across manufacturing and services. Despite its scale, the sector continues to face challenges related to technology adoption, productivity gaps, and access to global best practices.

Officials said participation in the BCIC framework will enable Indian MSMEs to benefit from cross-country knowledge sharing, exposure to advanced manufacturing models, and collaboration within BRICS industrial networks.

The BRICS grouping represents a significant share of the global economy, contributing over one-third of global GDP in purchasing power parity terms and housing more than 40% of the world’s population. Manufacturing cooperation under the BRICS framework is seen as a key driver for strengthening supply chains and industrial resilience among member countries.

Suche
Kategorien
Mehr lesen
Fashion Media & Publications
Lindex And BASF Bring Textile-To-Textile Recycled Polyamide To Lingerie
Lindex has partnered with BASF to introduce textile-to-textile recycled polyamide into the...
Von Textile Insights 2026-06-01 11:08:24 0 7
Fashion Media & Publications
Karl Mayer experiences record response from India at ITMA ASIA 2025
Insights Karl Mayer saw record interest from India at ITMA ASIA 2025, with nearly 30 per cent of...
Von Fibre2Fashion 2026-03-31 09:35:54 0 377
Fashion Media & Publications
Gujarat Spinning Mills Face Cost Pressures Amid Renewable Power Curtailments
Reduced availability of wind and solar energy forces mills to shift to higher-cost power sources...
Von Textile Value Chain 2026-04-15 04:52:58 0 311
Fashion Media & Publications
Mechanical vs Chemical Textile Recycling - Which Method Shapes the Future
The textile recycling industry faces a critical fork in technological development: mechanical...
Von Global Textile Times 2026-04-01 09:10:45 0 470
Fashion Media & Publications
GST 2.0 - Reforms to propel MMF textile industry sub-Rs 2,500 retail segment poised for growth
Synopsis The reforms are expected to correct anomalies at the fibre stage, reduce costs at the...
Von The Economic Times 2026-03-26 12:26:24 0 370