National Small Industries Corporation plans to set up incubation centre in 10 African countries

NEW DELHI: The National Small Industries Corporation Limited (NSIC), a Central government undertaking under Ministry of Micro, Small and Medium Enterprises, has announced its plans to set up incubation centers in 10 African Countries.

These African countries include Gaborone, Zambia, Zimbabwe, Egypt, Libya, Burkina Faso, Rwanda, Ethiopia, Burundi, Mozambique.

As per the deliberations settled during the India African forum summit held in 2008, the Ministry of External Affairs will fund the incubation project.

NSIC's unique incubation model for small enterprise establishment is primarily aimed at budding entrepreneurs where they are facilitated with training for the establishment of small enterprises. The trainees will involve in active participation on the project which they proposed to set up.

The projects planned to be set up are concrete block manufacturing plant, tomato ketchup and fruit juice making plant, paper corrugated box manufacturing plant, plant for making cookies, blow-molding plant, wire nail manufacturing, soya milk extraction, socks knitting, manufacturing of plastic bottle cap, water treatment plants, noodle making machine, honey processing plant, manufacturing of plastic shopping bags, jewelry making and finishing equipment, gem stone cutting and polishing machines.

The course module includes basic skill development, facilitation on fund management to banks, interaction on project suppliers for machine for technology supply, marketing product packaging, costing and pricing, general banking procedure, basic book keeping and accounting, etc.