Monday, Feb 17 2020 | Time 06:29 Hrs(IST)
image
Business Economy


NSE EMERGE achieves 200th SME listing milestone

NSE EMERGE achieves 200th SME listing milestone

Mumbai, Aug 22 (UNI) National Stock Exchange of India Limited (NSE) on Thursday achieved yet another milestone of 200 listings of SME companies on its NSE EMERGE platform, in the presence of Nitin Gadkari, Minister of Micro, Small and Medium Enterprises and Road Transport and Highways.

Mr Gadkari and Mr Vikram Limaye, MD & CEO, NSE participated in the traditional ‘Bell Ringing’ ceremony to signify the listing of the 200th SME Company and Migration of 2 SME Companies from the SME platform to the Main board of NSE.

Wonder Fibromats Limited has become the 200th company to be listed on the NSE EMERGE SME platform and two companies Madhya Bharat Agro Products Limited and Krishana Phoschem Limited have on Thursday migrated from the SME platform to the mainboard of NSE.

The listed SMEs on NSE are from 16 states.



Speaking on the occasion, Mr Gadkari said, 'The MSME sector has huge potential for generating income and employment, boosting exports and contributing to economic growth in the country. The present Government under the leadership of Prime Minister Shri Narendra Modi is looking at this sector as a major growth engine. Currently the MSME contributes 29 pc to the country’s GDP. We will take this to 50 pc in the next 5 years. The sector gives employment to about 11 Crore people currently, we will take this to 15 crore in the next 5 years. The SME Trading Platform set up by NSE can play an important role in this endeavour by helping to raise capital for the MSME enterprises'.

Vikram Limaye, MD & CEO, NSE said, 'NSE has always been at the forefront of strengthening and supporting the small and medium enterprises. From conventional manufacturing companies to new economy start-ups, NSE has always endeavored to create a vibrant capital raising environment. NSE believes that Small and Medium Enterprises (SMEs) are crucial not only for economic growth, but also for employment and inclusive growth.'

UNI JS SB 1338

More News
Gujarat based Heritage Infraspace targets Rs 1000 crore turnover mark in next five years

Gujarat based Heritage Infraspace targets Rs 1000 crore turnover mark in next five years

16 Feb 2020 | 3:56 PM

Ahmedabad, Feb 16 (UNI) Gujarat based Heritage Infraspace, which has been associated with Sea Front project in the Union Territory of Daman and also Metro rail projects in Ahmedabad and Kochhi, on Sunday said that it has set a target of taking its turnover to Rs 1,000 crore in the next five years.

see more..
India Inc looks forward to US President's visit with excitement: Assocham

India Inc looks forward to US President's visit with excitement: Assocham

16 Feb 2020 | 10:53 AM

New Delhi, Feb 16 (UNI) India Inc is looking forward to the forthcoming visit of President Donald Trump with excitement as it would take the Indo-US economic relations to greater heights, one of the apex trade associations of India, Assocham said.

see more..

Truepush is now one of the Most Popular Push Notification Service in India

15 Feb 2020 | 9:27 PM

HYDERABAD, India, Feb. 15, 2020 /PRNewswire/ -- Truepush journey in a year turns out to be magnificent. From being a new entrant in the crowded market to acquiring more than 8000+ developers globally, Truepush is gearing up to conquer.

see more..

Fifth conclave on Energy held in Aurangabad

15 Feb 2020 | 7:32 PM

Aurangabad, Maharashtra, Feb 15 (UNI) A conclave on 'Energy Storage Devices,' organised by the Chamber of Marathwada Industries and Agriculture (CMIA), began at Government Engineering College, here on Saturday.

see more..
Changes in Reserve Bank's accounting year to be announced soon: Shaktikanta Das

Changes in Reserve Bank's accounting year to be announced soon: Shaktikanta Das

15 Feb 2020 | 6:10 PM

New Delhi Feb 15 (UNI) Reserve Bank of India Governor Shaktikanta Das on Saturday indicated that a change in the central bank's accounting year could be announced soon.

see more..
image