ICCI and BSE sign MoU to support SMEs

On Saturday, BSE stock exchange signed an MoU with Inventivepreneur Chamber of Commerce and Industries (ICCI). The agreement is meant to support small and medium enterprises (SMEs) and start-ups, and encourage their listing on the exchange. As per a BSE statement, by means of this alliance, ICCI will provide backing in assessing SMEs and start-ups for listing on BSE SME board. Apart from this, it will also work towards sensitising the investor network about listed start-ups and SMEs. ICCI will provide industry connections to corresponding BSE start-ups globally. It will help support entrepreneurship nationwide through knowledge transmission on acceleration fund, international presence, government announced programs, and global business relations.

ICCI will hold several awareness camps, interactive sessions, networking activities, and business events to make this a real success. BSE SME and Startups Head Ajaykumar Thakur stated that being India’s leading stock exchange, it’s their responsibility to support the government’s nation-building exercise. By means of ICCI, more and more SMEs and start-ups will get satisfactory exposure on the benefits of listing on an exchange. Also, they will be able to understand the modus operandi of the capital market in an enhanced manner.

Of late, BSE made an alliance with SME networking portal GlobalLinker and Telangana government to help MSMEs in raising equity funds. Amid this coronavirus pandemic, this has come as a positive news for industry. It will give a much-needed respite to industry and a number of small enterprise owners. This will help in bringing back the normalcy in the market which has been missing since the first lockdown.

Courtesy: Financial Express

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