Chauhan wants vibrant ecosystems
Having helped 310 SME’s raise Rs.3,300 crore, the Bombay Stock Exchange (BSE) MD and CEO Ashish Kumar Chauhan has noted the current state of funding for start-ups and MSMEs.
Chauhan has assured that BSE will continue to take all initiatives for the growth of SME’s and startup ecosystem.
He shared concerns that were raised such as simplifying the MSME definitions, availability of funds which will result in improved attitude of lenders and borrowers, pull up payment delays and increase market access for the MSMEs.
Speaking at the interactive session held at the PHD Chamber of Commerce and Industry on 16 Oct 2019, Chauhan emphasized on the need of having a vibrant ecosystem comprising an efficient mix of debt and equity to address the concerns of MSMEs.
Chauhan pointed out that 1 out of 10,000 small businesses get funding through an investor while the remaining 9,999 have to do fund and fend for themselves. Hardly anyone gets a Private Equity investor.
He assured that BSE would facilitate the SMEs in raising funds through its dedicated platforms, BSE-Startups and BSE-SME, which allow small companies can list and raise capital, enhance visibility and create a brand value.
Chauhan addressed the PHD Managing Committee Meeting attended by Dr D K Aggarwal, President, PHDCCI; Mr Sanjay Aggarwal, Senior Vice President, PHDCCI; Mr Pradeep Multani, Vice President, PHDCCI; Mr. Rajeev Talwar, Immediate Former President and Dr Mahesh Y Reddy, Secretary General, PHDCCI. fiinews.com
