On December 23, 2020 Telangana government and SAP India signed Memorandum of Understanding(MoU) to equip Micro, Small & Medium Enterprises(MSMEs) in the state with digital skilling and technology. This will pave the way for MSMEs to become self-reliant and globally competitive.
Purpose of MoU– To digitize and empower MSMEs in the state.
About the Program
The program by offering MSMEs the access to global marketplace, digital skilling for the workforce and access to affordable enterprise technology, will work to promote entrepreneurship for this sector.
With this collaboration SAP India will bring their marketplace, skilling and ERP solutions to the state to benefit local MSMEs.
Benefits of the Partnership:
Growth of Sector and Economy
It will strengthen the overall growth of the MSME sector and the growth of the economy.
Access to global market
It will enable Telangana MSMEs to have open access to SAP Ariba Discovery. This access helps the MSMEs to enroll them as suppliers and access a global customer market
SAP Ariba Discovery– Here any buyer can post their immediate sourcing requirements and any supplier can respond to show they can deliver.
MSMEs can access 240 courses under Code Unnati, a SAP India’s Golden Peacock Award winning digital skilling initiative.
Focus of Courses– Digital Financial, Soft Skills and Productivity Technologies that digitally skill the workforce and enable them to adapt to the new working environments.
Enterprise technology that is affordable and accessible will be provided to MSMEs
They can adopt SAP’s world-class ERP; Business One Starter Pack on the cloud with the help of Bharat ERP initiative
Recent Related News:
On November 25, 2020 Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with TamilNadu(TN) government to develop the MSMEs(Micro, Small and Medium Enterprises) ecosystem in the state. Under the MoU, a Project Management Unit (PMU) will be set up by SIDBI in TamilNadu.
About SAP India:
President and MD– Kulmeet Bawa
Headquarters– Bangalore, Karnataka