Stock Exchange BSE on Saturday announced its partnership with the MSME Trade and Investment Promotion Bureau (M-TIPB), Government of Tamil Nadu. The objective of this partnership is to increase awareness among the State’s Micro, Small and Medium Enterprises (MSMEs) about the benefits of listing. Under this partnership, M-TIPB will assist SME representatives in raising capital through District Industry Centers and encourage their MSME members to participate in capacity building programs, BSE said in a statement.
BSE will provide capacity building and other assistance to small and medium enterprises (SMEs) in Tamil Nadu to meet their listing requirements. In addition, BSE will also provide intellectual and manpower support to create awareness about the benefits of listing among SMEs across Tamil Nadu.
M-TIPB General Manager Sakthivel S said that BSE has played a major role in the development of Indian capital market. Tamil Nadu will provide an opportunity to SMEs to raise funds through IPO by listing them on the BSE SME platform. BSE was the first stock exchange in the country to launch the MSE platform. The SME platform started its operations in March 2012. Since then, over 363 companies have listed on the BSE SME platform and have raised over Rs 4,000 crore.