<h1>India's NSIC and South Africa's Black Business Council partner to boost youth-owned enterprises with Rapid Incubation Centres.</h1> India's National Small Industries Corporation (NSIC) signed a Memorandum of Understanding with South Africa's Black Business Council to develop youth-owned enterprises in South Africa. The agreement focuses on cooperation in the Micro, Small, and Medium Enterprises (MSME) sector and aims to empower marginalized groups through NSIC's Rapid Incubation Programme. Five Rapid Incubation Centres are planned in South Africa. The initiative seeks to enhance economic ties, share expertise, and explore collaboration opportunities in technology and investment. The partnership aligns with India's 'Make in India' vision and aims to strengthen bilateral economic relations, particularly in sectors like auto components, textiles, and pharmaceuticals.