Stocks

BSE signs MoU with ICCI to support SMEs, start-ups in listing

PTI Mumbai | Updated on October 24, 2020 Published on October 24, 2020

Stock exchange BSE on Saturday said it has signed an agreement with Inventivepreneur Chamber of Commerce and Industries (ICCI) to support small and medium enterprises (SMEs) and start-ups, and promote their listing on the exchange.

Through this association, ICCI will offer assistance in evaluating SMEs and start-ups for listing on BSE SME board, BSE said in a statement.

Besides, it will also sensitise the investor network about listed SMEs and start-ups.

ICCI will offer industry connections to respective BSE start-ups globally and support entrepreneurship nationwide through knowledge transmission on government announced programs, acceleration fund, international presence and global business relations, it said.

To make this a real success, ICCI will conduct various networking activities, awareness camps, interactive sessions and business events.

“As India’s leading stock exchange, it’s our responsibility to support the government’s nation-building exercise,” BSE SME and Startups Head Ajaykumar Thakur said.

“Through ICCI, we believe more start-ups and SMEs will get adequate exposure on the benefits of listing on an exchange and will be able to comprehend the functioning of the capital market in a better way,” Thakur added.

Recently, BSE tied up with Telangana government and SME networking portal GlobalLinker to help MSMEs in raising equity funds.

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Published on October 24, 2020
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