The Kerala State Industrial Development Corporation Ltd (KSIDC) and the Human Resources Development Council (HRDC), Mauritius, have signed a Memorandum of Understanding (MoU) for working together to promote the development of human resources. Mauritius Minister for Education and HR, Vasant Kumar Bunwaree signed the document.
As per the understanding, HRDC will help in identifying entrepreneurs to forge technical, marketing, financial and management alliances with entrepreneurs in Kerala for establishing business relationships and joint projects while the KSIDC will help to identify appropriate business and investment opportunities and venture partners in the state, in conformity with the requirements of the HRDC and help explore possibilities and develop skills in the field of HRD. However, the final decision regarding the implementation of the identified Indo- Mauritius ventures will be subject to separate agreements between the HRDC and the entrepreneurs of the state.
The MoU is valid for a period of six months from the date of signing, and can be renewed for specific periods later.
The MoU was signed at a function held at the international business meet held in connection with the second Global Ayurveda Festival here.