‘322 companies listed on SME exchange’

Source: The Hitavada      Date: 22 Dec 2017 10:18:32


 

Business Bureau,

PANTOMATH Investor Awareness and CSR Foundation in collaboration with Government of Maharashtra organised Maharashtra State MSME Convention – Vidarbha Edition at Hotel Tuli Imperial, Ramdaspeth on December 21.


Subhash Desai, Minister for Industries and Mining, Government of Maharashtra grace the convention. Dr Harshadeep Kamble, Secretary (Small & Medium Industries) and Development Commissioner (Industries), Government of Maharashtra shed light on new policy initiatives of Government of Maharashtra including policies for promoting woman enterprise and other measures.


Mahavir Lunawat, MD of Pantomath Investor Awareness and CSR Foundation speaking at the pre-event press meet on Thursday said, the primary focus of the convention is to reach out and provide awareness about raising capital without paying interest to MSMEs operating in small towns and villages. It is broad-base capital market initiative for MSMEs, to promote industrial development and encourage entrepreneurial participation towards ‘Make in Maharashtra’ coupled with ‘Inclusive Growth’.


Gaurav Goel, Senior President and Country Head Commercial Business Banking of Yes Bank said that the SME sector in India is growing at an exceptionally fast pace and has become the backbone of India’s GDP growth. The role of SMEs in employment creation, innovation, and encouraging an entrepreneurial spirit has been crucial in fostering competitiveness in the economy and boosting inclusive growth. In order to facilitate SMEs and provide them the platform for growth capital, the Government and SEBI launched SME exchanges.


CA Anand Daga said that about 322 companies got listed on SME exchange of which, Maharashtra ranks 2nd in terms number of companies listed and funds raised on SME exchange. Market capitalisation of companies listed in Maharashtra is around Rs 7,000 crore. A total of 92 companies are listed from Maharashtra on SME platforms.