Media Release
BSE and Maharashtra Economic Development Council Sign MoU to Promote SME Listing
Mumbai, Oct 1, 2024: BSE Limited, Asia’s oldest stock exchange, and Maharashtra Economic Development Council (MEDC) have signed a Memorandum of Understanding (MoU) to foster the growth, development, and progress of the Micro, Small, and Medium Enterprises (MSME) sector and MSME entrepreneurs by promoting the listing of SMEs on the BSE SME platform.
As a part of MoU, BSE and MEDC will conduct collaborative programs and activities to raise awareness among investors about the benefits of SME listing. Under the terms of the MoU, the two parties will undertake collaborative activities to sensitize the investor network about the advantages of listing for SMEs. This includes guiding potential listed entities to attend capacity-building programs aimed at enhancing their understanding of the listing process and its benefits.
BSE will provide training and capacity building support to MEDC officials as part of the engagement. The exchange will also appoint a Nodal person as single point contact in Maharashtra for providing end to end solution and facilitating SMEs with respect to registration/listing on the platform.
Shri. Atul Shirodkar, President, MEDC, said commenting on the MOU, “This association promises to promote the benefits of listing on the BSE SME Platform and jointly host a series of knowledge sessions and events across Maharashtra in tier 2 and tier 3 cities across the state. This partnership aims to create awareness and encourage MSMEs to capitalize on the opportunities available through listing.''
Commenting on the MOU, Shri. Sundararaman Ramamurthy, MD & CEO, BSE said, ''This collaboration is part of the broader engagement by the exchange to connect with the SME ecosystem in the state and raise awareness of the advantages of listings. BSE’s SME platform provides a one stop solution for the capital needs of the SME ecosystem, while also fostering expansion and creating jobs.''
About BSE
BSE (formerly Bombay Stock Exchange), India’s leading exchange group, is celebrating its 150th year anniversary. BSE has been playing a prominent role in developing the Indian capital market. BSE is a corporatized and demutualized entity, with a broad shareholder base. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds, stock lending and borrowing.
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