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NSE signs pact with W Bengal's MSME & textiles department

25
Aug '18
NSE signs pact with W Bengal
The National Stock Exchange of India Limited (NSE) recently signed an agreement with the West Bengal state’s micro, small and medium enterprises (MSME) and textiles department for supporting and facilitating alternate sources of funding through equity among MSMEs. The aim is to get 100 SMEs from West Bengal listed on the NSE Emerge platform by 2020.

The department has taken the initiative to engage the NSE with all industry associations and chamber bodies, so that a large number of SMEs in West Bengal can be encouraged to explore alternate sources of funding and help list them on NSE Emerge, a news agency report cited an NSE statement as saying.

NSE Emerge has a total of 168 SMEs, listed on the platform with total capital raise of ₹2,597 crore. Currently, six companies from varied industries in West Bengal are listed on the platform with 44 crore raised funds, it said.

Around 15 new companies from the state plan to get listed on that platform over the next 12 months, the statement added. (DS)

Fibre2Fashion News Desk – India


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