: BSE collaborates with Tamil Nadu govt to make MSMEs aware about listing benefits #FinanceIndia #StockMarketNEWS BSE collaborates with Tamil Nadu govt to make MSMEs aware about listing benefits New

@StockMarketNEWS Mon 14 Mar, 2022

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BSE collaborates with Tamil Nadu govt to make MSMEs aware about listing benefits #FinanceIndia #StockMarketNEWS
BSE collaborates with Tamil Nadu govt to make MSMEs aware about listing benefits New Delhi, March 7 (KNN) BSE, India’s Stock Exchange has partnered with MSME Trade and Investment Promotion Bureau (M-TIPB), Government of Tamil Nadu for promoting listing benefits among MSME companies on BSE SME platform.

SME representatives through District Industries Centres will be supported by M-TIPB to mobilise State or Regional Associations to encourage their SME members to attend capacity building programs.

Meanwhile, BSE will accelerate capacity building and soft support to SMEs in Tamil Nadu for fulfilling listing requirements.

Intellectual and manpower support to create awareness among SMEs across Tamil Nadu, about benefits of listing will also be provide by BSE.

Speaking about this partnership, Ajay Thakur, Head – BSE SME & Start-up, said “We are happy to join hands with M-TIPB to promote listing amongst MSME companies of Tamil Nadu. Through M-TIPB’s deep reach and network, we aim to further increase awareness amongst MSMEs about the benefits of listing.”

We 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, he added.

BSE had launched its SME platform on 13th March 2012 and about 363 SMEs have benefitted from the BSE SME Platform till date.

As per January 2022, it has raised over Rs 4000 crore on listing and reaching a peak market capitalisation of Rs 54,000 crore.

Sharing his view on this association with BSE Sakthivel S, General Manager- M- TIPB, said “BSE has played a prominent role in developing the Indian capital markets. Tamil Nadu SMEs will get opportunity to raise funds through IPOs by listing in BSE SME Exchange.” (KNN Bureau)