The Bombay Stock Exchange (BSE) has signed a memorandum of understanding (MoU) with the Maharashtra state government to create awareness about benefits of listing among small and medium enterprises.
This MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market.
What it will do?
It will provide intellectual and manpower support to create awareness about the benefits and will enable capacity building to SMEs to fulfil listing requirements.
It will also provide training and capacity building support.
Role of Maharashtra Govt
Maharashtra government will help in mobilizing the SME representatives and state and regional associations to encourage their SME members to attend capacity building programmes.
In addition, the government will also reach out to industrial associations in the state for conducting joint seminars with BSE to create awareness among SMEs about benefits of listing.
Ministry of Industries commented
Subhash Desai, Minister for Industries and Mining, “The MoU will help the micro, small and medium industries in the state to get registered and raise capital from public capital market.”
Comment from BSE
Ajay Thakur, Head of BSE’s SME and startups division, “The initiative will encourage SMEs to list and raise equity capital on the exchange.”
BSE had launched its SME platform on March 13, 2012. So far, 331 companies listed on BSE SME platform have raised Rs 3,381 crore from the market. Their total market capitalisation now is Rs 21,566 crore.
Press the Bell Icon for notifications of all updates
