Latest news with #MSMES
Hans India
5 days ago
- Business
- Hans India
BSE SME platform crosses 600 listings
Mumbai: India's small and medium enterprises (SME) listing platform, the BSE SME platform, has crossed the milestone of 600 listings, the Bombay Stock Exchange (BSE) said on Tuesday. Overall money raised by these companies since their inception stands at Rs10,652 crore, with an overall market capitalisation (mcap) of Rs1,84,574 crore, according to the exchange. 'Not only has the platform crossed the milestone, but it has grown in strength from strength in recent years, raising more money with higher issue sizes,' the BSE said. In the period since January 2023 to date, the average issue size for SME IPOs on the platform has gone up to Rs32 crore, versus Rs 11 crore in the period from March 13, 2012, to December 31, 2022. Further, the funds raised to date have gone up to Rs6,109 crore in the period since January 2023 to date, versus Rs 4,544 crore in the period March 13, 2012, to December 31, 2022, the BSE stated. These bigger and bolder moves by the SMEs on the platform are also getting reinforced by their movement to the mainboard, with nearly 1/3rd of the overall companies making that transition, the exchange said. The SMEs listed on the platform also represent the economic opportunity present across the country. SMEs listed on the BSE SME platform have a pan-India presence as well as representation of various industries and segments of the country, making it a holistic picture of the economic growth of the country. 'With over 7 crore SMEs, 30 per cent share in GDP, 44 per cent share in exports and nearly 60 per cent share in employment, MSMES presents an unparalleled economic opportunity to achieve Viksit Bharat by 2047,' BSE Ltd MD and CEO Sundararaman Ramamurthy said. According to the BSE, to aid the ecosystem, the BSE SME platform recently launched a generative artificial intelligence (AI) tool to vet SME IPO documents before they can be formally filed with the exchange. Not only does this system improve the validation process of the document filing, but it also improves the efficacy and timelines in the listing process. 'Our steady and consistent growth, along with the technological appendages that are being developed, demonstrates the overall resolve of the exchange and platform to accelerate the ambition of budding entrepreneurs,' BSE's Head of Listing and SME Platform, Radha Kirthivasan, said.
Time of India
26-07-2025
- Business
- Time of India
'Historic' FTA with Britain shows world's trust in India: PM Modi
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and UK as 'historic,' and said the trade pact showed the world's trust in the regards Operation Sindoor , he said weapons manufactured under the 'Make in India' initiative played a great role during the cross-border military offensive in destroying enemy targets and made enemies lose PM inaugurated, laid foundation stones and dedicated projects worth Rs 4,900 crore here and underscored the NDA government's commitment towards Tamil Nadu's his address after inaugurating the projects, Modi said he was blessed to directly land in Tamil Nadu after completing his foreign tour during which the India-UK Free Trade Agreement was signed before his visit to the trade pact with Britain was 'historic.'"India and Britain signed a FTA. This shows the growing trust of the world and our self-confidence. We will make Viksit (developed) Bharat and Viksit Tamil Nadu with this self-confidence," Modi said."FTA with Britain adds pace to our vision of Viksit Bharat , Viksit TN," the PM, clad in a traditional veshti (dhoti), shirt and an 'angavastram' worn around the neck, said. He landed here directly after wrapping up his official tour of the Maldives."After the FTA, there will be no tax on 99 per cent of Indian products being sold in Britain. If Indian products are cheap, the demand will grow there and this will lead to more production opportunities in India. Due to this FTA, TN youth, small businesses, MSMES, startups will get big benefits," he a developed India and Tamil Nadu, he said, "infrastructure and energy are the backbone of any state's development; our focus on infrastructure and energy in last 11 years shows our commitment to TN's growth."The NDA government has constructed Atal Sethu, Sonmarg Tunnel, Bogibeel bridge in different parts of the country and these created thousands of job regards the railways, he said it is the lifeline of industrial projects he inaugurated on Saturday are related to airport, highways, railways, port and power in Tamil Nadu and he said that inaugurated projects include a new state-of-the-art Tuticorin airport terminal building, developed at an estimated cost of around Rs 450 regards railway projects, it includes the electrification of the 90 km Madurai-Bodinayakkanur line, commissioned at a cost of Rs 99 Crore and the Rs 650 crore worth doubling of the 21 km Nagercoil Town-Kanniyakumari PM dedicated to the nation, two strategically significant highway projects-- 4-laning of 50 km Sethiyathope-Cholapuram stretch of NH-36, developed at a cost Rs 2,350 crore and 6-laning of the 5.16 km NH-138 Tuticorin Port Road, built at around Rs 200 inaugurated the North Cargo Berth-III with a cargo handling capacity of 6.96 MMTPA at V O Chidambaranar Port established at a cost of Rs 285 the occasion, he invoked legendary freedom fighters from the region--VO Chidambaram Pillai, king Veerapandia Kattabomman and chieftain Veeran Azhagu Nadu Governor RN Ravi participated in the event. State Finance Minister Thangam Thenarasu presented a memento, a replica of the iconic Valluvar Kottam in Chennai, to the prime minister on the Civil Aviation Minister K Rammohan Naidu, Union Minister of State L Murugan, TN Social Welfare Minister P Geetha Jeevan, Lok Sabha MP Kanimozhi and top officials took part.
