Govt constitutes panel to examine issues faced by MSMEs

Tags: News
The government has constituted a committee to examine the issues affecting the micro, small and medium enterprises (MSMEs) across the country.

"The government has formed a committee, headed by the MSME Secretary, to review all the problems being faced by small scale units and give its recommendation," Jasbir Singh, General Manager of National Small Industries Corporation (NSIC) said at a Ficci conference here.

The move follows the decision that all government entities must source 20 per cent of their requirements from small-scale units from next year.

"From April 1, 2015 it will be mandatory for all government departments to implement the public procurement policy by which 20 per cent of all government and public sector unit procurements have to be from SSI (small scale industry) units," Singh said.

Although every ministry at present except for defence is required to procure atleast 20 per cent of annual value of goods and services from micro and small enterprises, many ministries are yet to chalk out procurement plans.

The government has, therefore, begun reviewing the public procurement policy both at national and state levels.

EDITORIAL OF THE DAY

  • Legalising betting on cricket will raise tax collections for cash-strapped government

    Last month, Justice RM Lodha committee on cricket reforms made several groundbreaking recommendations to the Supreme Court.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Tablets, memory cards for educatioNext

The Commonwealth he­ads of government mee­ting held in Malta last ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture