Bombay Stock Exchange (BSE) has collaborated with Tamil Nadu authorities to promote consciousness amongst micro, small and medium enterprises (MSMEs) of the state about the advantages of listing.
To facilitate this, BSE will accomplice with MSME Trade and Investment Promotion Bureau (M-TIPB). As half of the collaboration, BSE will present the capability constructing and tender help to small and medium enterprises (SMEs) in Tamil Nadu for fulfilling listing necessities.
Further, the BSE can even present all mental and manpower help to create consciousness amongst SMEs throughout Tamil Nadu, about advantages of listing.
Meamwhile, M-TIPB will provide help in mobilising the SME representatives by way of district industries centres and also will assist in mobilising state or regional associations to encourage their SME members to attend capability constructing programmes
“Through M-TIPB’s deep reach and network, we aim to further increase awareness amongst MSMEs about the benefits of listing. The BSE will also appoint a nodal person as single point contact in Tamil Nadu for providing end-to-end solution and facilitating SMEs with respect to registration/ listing on the platform,” Ajay Thakur, head (BSE SME and Start-up), mentioned.
Sakthivel S, common supervisor of M-TIPB, mentioned the BSE has performed a distinguished function in creating the Indian capital markets. Tamil Nadu SMEs will get alternative to elevate funds by way of IPOs by listing within the BSE SME platform.
The BSE was the primary inventory trade within the nation to launch the SME platform. The SME platform began its journey in March 2012. Since then, over 363 corporations have listed on the BSE SME platform and raised over ₹4,000 crore.
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