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…
Tag: PSU
Public procurement policy for MSMEs not working | MSME Minister pulls up PSUs
Mandatory 20 per cent procurement by public enterprises from Micro, Small and Medium enterprises came into being on April one 2015 and but it seems to be not working as most of the PSUs have faltered in fulfilling this obligation. This has put several MSMEs in to difficulty. MSMEs account for ne…
Procurement by PSUs, govt units from MSMEs to be increased | Kalraj Mishra
Procurement by public sector undertakings (PSUs) and government departments from MSMEs is “dismal” and should be increased, MSME Minister Kalraj Mishra said. “The government has made mandatory for the PSUs and government units that they should make at least 20 per cent of their …
MSMEs best vehicle for inclusive growth | S C Jamir, Odisha Governor
Odisha Governor S C Jamir said, at least 25 per cent of the total procurement of any government department of PSU should be made from MSMEs. The Micro, Small and Medium Enterprise is the best vehicle for inclusive growth as it creates local demand and consumption, he said. Addressing the valedict…
MSMEs to get infra push | Allotment of coal blocks to PSUs
In a move aimed at enhancing energy security, the government on December 17, 2015 cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas. “The Cabin…
Govt. & PSUs continue to comply with 20% procurement policy from MSMEs
The Government has so far not provided waiver to any industry or company from mandatory minimum procurement of 20 percent from Micro and Small Enterprises (MSE). No ministry or government department has violated this provision while securing their procurements, an official statement said. The man…