Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…
Tag: CPSUs
38 CPSUs achieved the target of 20% public procurement from MSME
Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs. Mishra highlighted the importanc…
MSME Ministry for revival of sick units
The Government will work out modalities to revive sick industry soon, Union MSME Minister Kalraj Mishra has said. At a regional conclave of MSMEs from states of Punjab, Haryana, Chandigarh, Delhi, Uttrakhand, Jammu and Kashmir and Himachal Pradesh, Mishra said “the idea behind such conclave…
CPSUs procure 20 per cent of products and services from MSEs
Central Public Sector Units (CPSUs) procure 20 per cent of products and services from Micro and Small Enterprises (MSEs) as per the 2012 audit. The statistics since then have been as follows: Procurement made by CPSUs from MSEs (Rs. in Crores) Year Total Procurement Procurement from MSEs (includi…
Kalraj Mishra reviews MSME Public Procurement Policy
MSME Public Procurement Policy to get fillip. Kalraj Mishra, Union Minister for Micro, Small and Medium Enterprises reviewed Public Procurement Policy by all the Central Government Departments and Central Public Sector Undertakings (CPSUs), after it was reviewed in the PMO. He was unhappy to no…