Media Release
BSE and Goa Chamber of Commerce & Industry Sign MoU to Promote SME Listing
Mumbai, 12 January 2024: BSE Limited, Asia’s oldest stock exchange, and Goa Chamber of Commerce & Industry (GCCI) have signed a Memorandum of Understanding (MoU) on Jan 12, 2024 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 board.
GCCI, registered under the Societies Registration Act, 1860, is committed to advancing the interests of the MSME sector. BSE, recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956, brings its extensive experience and expertise to the collaboration.
Under the terms of the MoU, both parties have agreed to undertake collaborative programs and activities to sensitize the investor network about the advantages of listing for SMEs and startups. This includes guiding potential listed entities to attend capacity-building programs aimed at enhancing their understanding of the listing process and its benefits. As a part of MoU, GCCI will conduct collaborative programs and activities to raise awareness among investors about the benefits of SME and startup listing.
Commenting on this MOU, Sh. Sameer Patil, CBO, BSE said, “By means of this collaboration, BSE is committed to enhancing knowledge and promoting awareness about the advantages of listing on the exchange as it will give opportunity to SMEs based in Goa to raise equity capital, create visibility and innovation etc. It's great to see the focus on extending outreach to SMEs deeper in Goa and facilitating their listing on the BSE SME Platform with the assistance of GCCI. This demonstrates a proactive approach to inclusivity and support for businesses operating in the state of Goa that may have limited access to such opportunities. The partnership between BSE and GCCI will offer crucial support to the SMEs across the state, easing the path to becoming a listed company and enhancing accessibility without any hassle.”
Assuring full support to the partnership, Sh Shrinivas Dempo, President, GCCI urged chamber members to draw maximum benefits from this initiative. ``The BSE-GCCI MoU will enable Goan SMEs to connect with the global players, educate and encourage them to become a listed company without any hassle. The SMEs will be empowered to access capital for the company's growth, enhanced visibility, transparency and efficiency in overall operations, thereby increasing accountability towards shareholders,’’ he said.
About BSE
BSE (formerly Bombay Stock Exchange), which will celebrate its 150th year anniversary in July 2024, is Asia’s oldest and the world’s fastest Stock Exchange with a speed of 6 microseconds. India’s leading exchange group, 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 and stock lending and borrowing.
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