BSE To Work With Goa Govt To Promote Development Of SMEs

BSE on Friday signed a Memorandum of Understanding (MoU) with the Government of Goa for the development of SMEs in the state.

The stock exchange’s association with the Goa government will look at creating awareness amongst SMEs in the state on the benefits of listing on the Exchange as well as guide them on the efficient ways of raising capital through equity infusion. 

The partnership will entail the Department of Industries and Commerce, Goa offering support in mobilizing the SME representatives through the District Industries Centre as well as the State/Regional associations/chambers encouraging their SME members to attend capacity-building programs organized by the Exchange.

In a statement, Sundararaman Ramamurthy, MD &CEO, BSE said, “SMEs play an important role in the growth of the economy and the BSE SME Exchange was created with a vision and mission of addressing the unmet needs of thousands of SMEs in India. This association with the Government of Goa will play a significant role in opening a plethora of opportunities for small-medium enterprises.”

Under this collaboration, BSE will also provide training and capacity-building support to District Industries Centre officials and a nodal person will be appointed for providing end-to-end solutions and facilitating SMEs with respect to registration/listing on the platform. 

Besides, joint seminars will be conducted by both parties to educate the SMEs on listing. BSE in association with different industry associations will conduct at least 10 awareness generation/capacity building and follow-up meets for SMEs will be offered in a span of a year.