BSE and MACCIA join hands to create awareness about the benefits of SME listing across Maharashtra.
BSE, world’s fastest Stock Exchange and one of India’s leading exchange groups, has signed a memorandum of understanding (MoU) with Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA) for promoting and creating awareness in the state on the benefits of listing on BSE SME platform.
Through this partnership, BSE will provide intellectual and manpower support to enterprises registered with MACCIA to get listed in BSE SME platform. BSE SME will also provide training and capacity building programs to MACCIA officials. BSE will appoint a Nodal person as single point contact in Maharashtra for providing end to end solution with respect to registration/listing on the BSE SME platform.
Being Apex chamber & primary body of all associations, MACCIA representing highest MSMEs in the state & Chamber is engaged in shaping Maharashtra development journey since Pre-Independence era by playing an active part in supporting the MSMEs, Trade & Industry.
This MoU will help the micro, small and medium industries in the state to get registered in the capital market and raise capital from the public capital market. BSE will also provide technical support to all the MSME industries in Maharashtra, Lalit Gandhi, President, Maharashtra Chamber of Commerce, Industry & Agriculture, said.
Commenting on the development, Shri Ajay Thakur, Head – BSE SME & Startup, said “Through this association we continue our efforts in increasing knowledge and awareness on benefits of listing on the exchange and raising equity capital. With the help of MACCIA we aim to further reach out to the SMEs in deeper Maharashtra and help them to get listed on the BSE SME Platform.”
With businesses becoming more connected and more Companies willing to expand and grow exponentially to meet the demand of time and to keep up in this race of globalization, BSE Ltd and MACCIA partnership will support Startups and SMEs across the state to educate and encourage in becoming a listed company without any hassle.
Shri Lalit Gandhi, President, Maharashtra Chamber said, “Our vision and mission are to get the maximum number of Startups and SMEs to be listed on the platform in coming years and help the whole business ecosystem which will support the Prime Minister Narendra Modi’s vision of activating India 2.0, fuelled by the spirit of Aatmanirbhar Bharat.”
Recently, BSE had signed an MoU with Federal Bank to promote listing of SMEs, Startups. Till date 375 companies have been listed on BSE SME Platform and have raised Rs. 3,997.58 crore from the market.