On 05.12.2019 an MoU has been signed between NSIC and Aramco Asia for the development of MSME Ecosystem in India in Oil & Gas Sector. From NSIC side Sh. P. Udayakumar, Director (P&M) and from Aramco side Mr. Mohammed Al Mughirah, President inked the MoU. The dignitaries H.E. Dr. Said Bin Mohammed Al Sati, Ambassador of Saudi Arabia, Mr. Abdullah Melfi, Strategic Sourcing Head, Aramco, Mr. Vijay Prakash, GM (BD) NSIC and more than 200 units from India witnessed the event. Aramco is world's largest Oil & Gas Company from Govt. of Saudi Arabia having reported revenue of USD 355 Billion Dollar (2018) and estimated market value of 1.5 Trillion Dollars.