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Edelweiss SME Lending and BSE co-host panel discussion on International MSME Day

Jun 27th, 2018 4:04 pm | By | Category: LATEST NEWS

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Mumbai, 27 June 2018:
“MSMEs need to adopt disruptive thinking to take better advantage of the growth dividend opportunity,” opined an expert panel at the Edelweiss SME Lending –BSE MSME Day. The theme this year “Limited to Unlimited – Celebrating Entrepreneurship, Unlocking Value”, was an initiative to salute the spirit of the Indian entrepreneurs and acknowledge their immense contribution in driving India’s growth story on India’s first International Micro, Small and Medium-sized Enterprises (MSME) day 27th June.

The event inauguration was done with the ceremonial “Ringing of the bell” by Rashesh Shah, Chairman and CEO, Edelweiss Group and Ashishkumar Chauhan, MD & CEO, BSE.Suresh Prabhu,Minister of Commerce & Industry and Civil Aviation, Government of India and Sudhir Mungantiwar,Minister of Finance & Planning, Forests, Government of Maharashtra, supported the celebrations with video messages for the audience comprising India’s leading MSMEs and SMEs, many of which are listed on the exchange.

Suresh Prabhu said, “MSMEs are the backbone of the Indian economy, are the largest contributors to employment in India, provide significant output and also help exports. Most importantly, they enable development of the Indian society inclusively. Small Industries are key to many large scale Industries as they provide support in terms of components and other allied services essential for these industries to survive. I wish to congratulate you and wish you all the best for the future.”

Sudhir Mungantiwar said, “Our society is growing rapidly. MSMEs are very big chunk of our GDP growth. We need to support these businesses in their growth journey. On this International SME day, as the Finance Minister of Maharashtra, I assure our SME players that we will stand alongside them and make sure they get the required support for their businesses.”

Rashesh Shah said, “Edelweiss has always supported the BeUnlimited spirit of the Indian entrepreneur, fueling his/her self-confidence, grit, determination and attitude. Through this special event, we wish to acknowledge all our MSME partners for their immense contribution to the economy. With the MSME sector emerging as a big growth area in recent years, we believe that it is important to empower these enterprises to become the engines that sustain growth for long-term development.”

Ashishkumar Chauhan said, “The Indian SME sector has emerged as a highly vibrant and dynamic sector of the economy over the past few years. For enabling equity resource mobilization through market participation, BSE launched “BSE SME” platform in March 2012, enabling SME’s to list and grow as on today more than 250 SME’s are listed on BSE SME platform. It has fast emerged as the preferred platform for SME’s to raise capital and engage investors. The platform provides immense opportunity to entrepreneurs to raise equity capital for growth and expansion, and for investors to identify and invest in SMEs at an early stage. The BSE SME Platform enjoys market leader position in terms of amount raised by SME’s and number of SMEs listed.”

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