PSU PURCHASE FROM MSME SHOOTS UP

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Central Government has made it mandatory for all Public Sector Undertakings (PSUs) to buy 20% of their respective procurements from Micro, Small and Medium Enterprises (MSMEs) from 1st of April, 2015.

At Mumbai ‘Make in India Week” function, Shri Kalraj Mishra, Union Cabinet Minister of Micro, Small and Medium Enterprises Ministry told that purchases by PSUs from MSMEs has just doubled as a result of this mandatory move.

He gave indications about some good news for MSMEs in Union Budget 2016, saying that government is working to provide more relief to MSMEs in the forthcoming budget.

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