Ghulam Ishaq Khan (GIK) Institute of Engineering Sciences and Technology and Peshawar Chamber for Small Traders & Small Industry (PCSTSI) have signed a memorandum of understanding (MoU) to pursue their mutual interest to search, develop and evaluate technology..
It also aimed at finding analytically based solutions to the problems facing the business community with special focus on industries in the region, especially the SME sector, said a press release issued here on Sunday.
Under the MoU, both parties shall cooperate in offering training to business representatives of SME sector in KP, provision of solutions to need based requests by business representatives of SME sector in Khyber Pakhtunkhwa that may enhance their business process and make it a cost effective and efficient.
Both parties shall also make joint or independent applications for national and international grants that can help in covering costs for joint training ventures and R&D activities and other office expenditures used for SME businesses development.
GIKI and PCSTSI shall also cooperate in any meaningful collaboration by joining hands with the government or international donors that may serve a great deal of benefit to SME sector, providing support to R&D centre at PCSTSI, organizing of joint seminars, participation in advisory councils, committees and consultancy services, joint research based publications, industry based policy research projects and any other activity as deemed appropriate by both parties.—APP