MSME approved the setting up of the Export Acceleration and Experience Centre (EAEC) and Centre of Excellence for MSME Enablement of Technology (COMET) at the National Institute for MSME (ni-msme), Hyderabad

Mar 13, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry of Micro, Small & Medium Enterprises (MSME) on March 13, 2024, approved the setting up of the Export Acceleration and Experience Centre (EAEC) and Centre of Excellence for MSME Enablement of Technology (COMET) at the National Institute for MSME (ni-msme), Hyderabad.

The following has been stated: -

•Export Acceleration and Experience Centre (EAEC) will empower MSMEs to boost exports and align with Atmanirbhar Bharat for the promotion of exports. The EAEC will also provide comprehensive support services, including market research, logistics solutions, digital marketing training, access to funding, and global marketplace through a unique blend of seamless academia-industry collaboration.

•Centre of Excellence for MSME Enablement of Technology (COMET) is being set up, in collaboration with IIT-Hyderabad, at ni-msme, Hyderabad to facilitate MSMEs with inter-disciplinary, design-focused technologies that would enable them to be global players with indigenous technology development. It will facilitate MSMEs in developing energy-efficient Technologies apart from solving their existing technological problems.  It sensitizes the MSMEs on advanced technologies, provides hands-on training and skill development, and encourages entrepreneurial activities.

[Release ID: 2014243]


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