Make ready the Micro, Small and Medium Enterprises (MSMEs) for action to actively participate in the Procurement process related to central public sector undertakings (CPSUs) and state PSUs, Minister of State (Independent Charge) for MSMEs, K. H. Muniyappa asked members of the National Board for Micro, Small and Medium Enterprises (NBMSME) at a meeting on Tuesday.

In his address, the Minister appealed to all the members to mobilize MSME Associations and through them the MSME units to actively participate in the Procurement process related to CPSUs and state PSUs.

He also emphasized the fact that there should be quality products/goods produced by the MSEs which should be available for procurement by PSUs.

The 10th Meeting of the National Board for Micro, Small and Medium Enterprises was held in New Delhi on Tuesday under chairmanship of K. H. Muniyappa and Vice chairperson of NBMSME, G.V. Reddy.

The meeting discussed various aspects of the Micro, Small and Medium (MSME) sector with special focus on the Public Procurement Policy.

K. H. Muniyappa, in his opening remarks described several initiatives of Ministry of MSME for overall development of the sector, and stressed on training through PPP Mode and increasing competitiveness of the sector.

While giving the presentation, Amarendra Sinha, Additional Secretary and Development Commissioner, MSME, emphasized that the Procurement Policy is a statutory requirement under the MSMED Act and this is mandatory for all CPSUs in 3 years.

He also added that the sub target of 4 percent of procurement from SC/ST entrepreneurs should be followed strictly.

He also shared information about the Vendor Development Programme organised by CPSUs, MSME DIs, and NSIC.

Madhav Lal, Secretary, MSME, in his concluding remark, exuded optimism about the future of the sector and stated that the there have been new development in the MSME sector which includes creation of India Inclusive Innovation Fund, legal framework for factoring services and creation of 15 new technology centres / tool rooms.

Hans Raj Ahir, MP, Lok Sabha, Officials of Ministries/Departments, Government of India, special invitees, representatives from MSME Associations, Financial Institutions, women Entrepreneurs also participated and actively discussed various issues conferring the MSME sector.