Iran and India sign $2M deal for expanding entrepreneurship
Iran and India have signed a memorandum of understanding (MoU) worth $2 million, to expand cooperation in the field of entrepreneurship and small businesses.
The agreement was signed at Hyderabad, India by the managing director of Omid Entrepreneurship Fund and the head of the Entrepreneurship Development Institute of India and is expected to establish Iran – India center of small entrepreneurships in Tehran, Trend reports citing IRNA.
The center would run educational courses and exchange experience and knowledge to identify entrepreneurs, operate the projects and provide financial support.
It is expected that India would help to develop the entrepreneurship and financial management systems in Iran's rural areas.
The chairman of Omid Entrepreneurship Fund Ali Rabiee also held meeting with the CEO's of Small Industries Development Bank of India (SIDBI), India's Cooperative Bank, National Bank for Agriculture and Rural Development and Bharatiya Mahila Bank (BMB) for women.