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.

Cerca
Categorie
Leggi tutto
Fashion Media & Publications
Weak rupee offers exporters marginal edge as input costs surge
The Indian rupee has fallen to an all-time low against the US dollar, offering a marginal boost...
By Apparel Resources 2026-03-28 12:29:09 0 176
Fashion Media & Publications
Accelerating Circularity workshop promotes textile-to-textile recycling
Accelerating Circularity launched Textile-to-Textile Circularity Foundations, a two-day in-person...
By Just style 2026-05-07 12:23:29 0 187
Fashion Media & Publications
CIBIL - style score, green fund in the works for textile sector
To address credit access challenges in the textile sector, particularly for smaller units, the...
By The Economic Times 2026-03-25 12:20:48 0 377
Fashion Media & Publications
Textile Industry Seeks Special Focus On Processing Segment
Ahmedabad: The Gujarat textile industry has demanded a special focus on the processing segment,...
By The Times Of India 2026-03-26 11:42:09 0 293
Fashion Media & Publications
Govt reopens textiles PLI scheme portal to invite fresh applications
Synopsis The government has reopened the application portal for the Production Linked Incentive...
By The Economic Times 2026-03-26 07:49:36 0 253