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SMEs should take listing route to raise funds: BSE
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SME Times News Bureau | 02 May, 2014
SME-Head of Bombay Stock Exchange (BSE), Ajay Thakur has said that Small & Medium Enterprises (SMEs) should get their companies listed at stock exchanges in order to raise funds and gain footprint, reports media.
"SME, especially in Punjab, Chandigarh, Himachal Pradesh and Haryana need to diversify their focus from wealth creation model to value creation model and hence realise the importance of getting listed on the stock market to be able to raise funds easily and compete globally", Ajay Thakur Wednesday said in Chandigarh.
"Listing on stock exchanges is the only way forward for the small players, if they wish to enhance their brand image, gain market presence, expand their roots, maximise returns and introduce corporate governance which is very critical but lacking in the present market structure, especially in this region", he added.
Thakur further said, "In last two years, 57 SMEs have registered in the Bombay Stock Exchange (BSE) and have experienced profits in many folds. A special policy to list SMEs on BSE will be out soon, which will help the MSMEs to get rid of all the hiccups they face while handling the process of listing. Under this policy, any SME with net worth of Rs 3 crore can get listed in the BSE easily."
He also said that the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have recently launched their respective SME exchange platform.
With this, SMEs will hopefully have better access to funds to support their long-term growth plans, he added.
"We are entrepreneur-driven economy. A large number of small size companies are growing in the market. Now, we are experiencing a huge push to knowledge-based industry. By creating such SME platform, we are adding credibility to lakhs of SMEs running in India and generating employment" he added.
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Finance /loan from the bank
Ajit Galvankar---pune | Thu May 8 14:57:00 2014
Above story is big story, let the bankers to be positive and lend positively. The banks are coming forward to give loan in agri,and small traders,and small industries,they are only positive in automotive and housing sector, this is not good sign, so much potential is available in SME sector everybody knows but it is only talk the finance that to timely available is major constraint.
These are practical thoughts.I hope finance ministry or related will understands. More explanation or talk can be given if called for
I am thinking from all SME of the country.
The country should move ahead, and to happen somebody from from the ministry should think and take action.Thanks
Ajit Galvankar
SME growth and SME exchange policies.
Bhanudas Pendkar. | Sun May 4 04:11:49 2014
In current global era, rational speed speed in every field matters most and the same is true for our policies as regards with the growth of SME's in our country. The TECHNOLOGY virus is spreading so fast that giants in the respective fields are facing sleepless nights.A multidimensional, multi-fold supportive policies are the need of the hour particularly for the growth of science and knowledge based micro SMEs.Un awareness of these facts may lead to unexpected results, which may even question us our present state of miserable survival. A highly efficient digitalised system with no excuse in execution may prove an answer to the pathos of Indian SMEs.
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