BSE and MSME Trade and Investment Promotion Bureau, Government of Tamil Nadu sign MoU to promote listing of MSMEs
BSE will also provide all intellectual and manpower support to create awareness among SMEs across Tamil Nadu, about benefits of listing.
BSE, India’s premier exchange and the world’s fastest Stock Exchange with a speed of 6 microseconds, today announced their association with MSME Trade and Investment Promotion Bureau (M-TIPB), Government of Tamil Nadu for promoting awareness among MSME companies of Tamil Nadu about the benefits of listing on BSE SME platform.
Through this association, M-TIPB will provide support in mobilizing the SME representatives through District Industries Centres and will also help in mobilizing State or Regional Associations to encourage their SME members to attend capacity building programs. While, BSE will provide the capacity building and soft support to SMEs in Tamil Nadu for fulfilling listing requirements. Further, BSE will also provide all intellectual and manpower support to create awareness among SMEs across Tamil Nadu, about benefits of listing.
Commenting on this partnership, Shri 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. 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.”
BSE was the first stock exchange in the country to launch the SME platform. The SME platform started its journey on 13th March 2012.Over 363 SMEs have benefitted from the BSE SME Platform till date, having raised over Rs.4000 crores on listing and reaching a peak market capitalisation of Rs.54,000 Crores in Jan ‘2022.
Commenting on this partnership, Shri Sakthivel S, General Manager- M- TIPB, said “BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital markets. Tamil Nādu SMEs will get opportunity to raise funds through IPOs by listing in BSE SME Exchange.”