Union Commerce and Industry Minister Piyush Goyal attended the Listing Celebration of the 400th company in BSE SME Platform in Mumbai. With the listing of eight new companies in the exchange’s SME platform today, the BSE SME platform has achieved the milestone of 400 listed companies.
Union Minister Piyush Goyal rang the ceremonious bell to mark the special occasion. BSE Ltd has set up the BSE SME Platform in March 2012 as per the rules and regulations laid down by SEBI. BSE SME Platform offers an entrepreneur and investor friendly environment, which enables the listing of SMEs from the unorganized sector scattered throughout India, into a regulated and organized sector.
The listed SMEs step into the threshold of BSE SME Platform and foray in to the world of finance for further growth and development. BSE SME assists these SMEs to raise equity capital for their growth and expansion and thus help them blossom into full-fledged companies and in due time, enable them to migrate into the Main Board of BSE as per the existing rules and regulations.
Minister said, “400 companies is an important milestone for BSE SME platform”. “BSE SME could also become a springboard for companies to get into the main exchange”, he further added. Stating that the BSE SME platform has huge potential, he urged the exchange to get this ecosystem known across the world.
“We need to market it better, also need to sensitize international investors; the international funds too need to get to know about this exchange”.
He suggested that the Bombay Stock Exchange could send either some representative from the exchange or some companies listed on the exchange to be a part of industry delegations to foreign countries, so that more international investors partake in the activities of the exchange.
