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Procurement Portal for MSEs Launched by Giriraj Singh

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Minister of State (Independent Charge) for MSME, Giriraj Singh has launched Public Procurement Portal ‘MSME Sambandh’ recently in New Delhi.
Speaking on the occasion, Giriraj Singh said that MSME is not given its due importance. He also stated that in the words of the Prime Minister MSME sector generates more employment next only to Agriculture sector.  
Singh also said that 80% of jobs in industry is given by MSME with just 20% of investment. He appealed to the stakeholders to take advantage of the portal thereby fulfilling the mandate given to them. 
He highlighted the fact that such portal would gel with the ease of doing business and ‘Make in India’ initiatives of the Government of India. He also said that his government is ready to help the MSEs in all possible ways.
A.K. Panda, Secretary, MSME informed that the Micro and Small Enterprises would be able to access the information about the products being procured by CPSEs. Thus, it would help the MSEs in participating in the procurement process.
The Procurement Policy launched in 2012 mandates the Central Government Departments / CPSUs to procure necessarily from MSEs i.e. every Central Ministry / Department / PSU shall set an annual goal for procurement from the MSE sector at the beginning of the year, with the objective of achieving an overall procurement goal of minimum of 20 per cent of the total annual purchases of the products or services produced or rendered by MSEs. By creating an online portal, the Ministries and the CPSEs can assess their performance. 

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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