The National Small Industries Corporation (NSIC) has entered into a Memorandum of Understanding (MOU) with the Industrial Technology Research Institute (ITRI) Taiwan on October 02, 2024 at Taipei, Taiwan in the 3rd India-Taiwan SME Joint Working Group Meeting held during the Ministry of MSME led Indian delegation visit to Taiwan. This MoU aims for capacity building and skill development of MSMEs in advanced smart technologies in the field of intelligent machinery, manufacturing technology, robotics, product designing and digital factory management. The MoU was signed by Mr. Sunil Tyagi, Senior General Manager (International Cooperation) on behalf of NSIC and Mr. Hsin-Chuan Su, Deputy General Director of Intelligent Machinery Technology Center of ITRI in the presence of Dr. Ishita Ganguli Tripathy, Additional Development Commissioner, O/o DC (MSME) Ministry of MSME and Dr. G J Lee, General Director, Small and Medium Enterprise and Startup Administration (SMESA) of Taiwan. Also present on the occasion were, Mr. Ashok Kumar Sharma, Director (ARI), Ministry of MSME, Ms. Neelam Sharma, Under Secretary, Ministry of MSME, Mr. R.D. Patil, GM, Indo-German Tool Room Aurangabad and senior officials from Taiwan side.