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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture