March 18, 2016 7:40 PM

printer

38 CPSUs achieve target of 20% public procurement from MSMEs

Thirty eight Central Public Sector Undertakings (CPSU) have achieved the target of 20 percent public procurement from MSMEs in the current financial year. This was revealed in a meeting chaired by Union Minister for MSME, Kalraj Mishra organized to review the implementation of Public Procurement from MSMEs. He highlighted the importance of the policy under which it is mandatory to the promote MSMEs and Startups in the country. He said his Ministry has allowed CPSUs to relax the norms of prior experience and prior turnover for those MSMEs who can deliver the goods as per prescribed technical and quality specifications. The Minister said a SC/ST hub has been setup in his ministry to promote the development of SC/ST entrepreneurs. The hub will provide avenues for SC/ST entrepreneurs under public procurement policy, encourage them to register under Udyog Aadhar Memorandum, register their products and facilitate their participation in vendor development programmes organized by CPSUs. The meeting was attended by representatives from 44 CPSUs.

March 18, 2016 1:48 PM

printer

38 CPSUs achieve target of 20% public procurement from MSMEs

Thirty eight Central Public Sector Undertakings (CPSU) have achieved the target of 20 percent public procurement from MSMEs in the current financial year. This was revealed in a meeting chaired by Union Minister for MSME, Kalraj Mishra organized to review the implementation of Public Procurement from MSMEs. <br/><br/>He highlighted the importance of the policy under which it is mandatory to the promote MSMEs and Startups in the country. He said his Ministry has allowed CPSUs to relax the norms of prior experience and prior turnover for those MSMEs who can deliver the goods as per prescribed technical and quality specifications. <br/><br/>The Minister said a SC/ST hub has been setup in his ministry to promote the development of SC/ST entrepreneurs. <br/><br/>The hub will provide avenues for SC/ST entrepreneurs under public procurement policy, encourage them to register under Udyog Aadhar Memorandum, register their products and facilitate their participation in vendor development programmes organized by CPSUs. The meeting was attended by representatives from 44 CPSUs.

Most Read
View All arrow-right

No posts found.