The Goa Chamber of Commerce and Industry (GCCI) and BSE Limited, Asia’s oldest stock exchange, have signed a Memorandum of Understanding (MoU) to foster the growth, development, and progress of the Micro, Small, and Medium Enterprises (MSME) sector and MSME entrepreneurs by promoting the listing of SMEs on the BSE SME board.
GCCI, registered under the Societies Registration Act, 1860, is committed to advancing the interests of the MSME sector. BSE, recognised as a stock exchange under the Securities Contracts (Regulation) Act, 1956, brings its extensive experience and expertise to the collaboration.
Under the terms of the MoU, both parties have agreed to undertake collaborative programs and activities to sensitise the investor network about the advantages of listing for SMEs and startups. This includes guiding potential listed entities to attend capacity-building programs aimed at enhancing their understanding of the listing process and its benefits. As a part of MoU, GCCI will conduct collaborative programs and activities to raise awareness among investors about the benefits of SME and startup listing.
Shrinivas Dempo, President of GCCI assured full support to the partnership with BSE Ltd and urged chamber members to draw maximum benefits from this initiative. “The BSE-GCCI MoU will enable Goan SMEs to connect with global players, also educate and encourage them to become a listed company without any hassle. The SMEs will be empowered to access the capital for the company’s growth, enhanced visibility, transparency and efficiency in overall operations thereby increasing accountability towards shareholders,’’ he said.
Commenting on this MOU, Sameer Patil, CBO, BSE said, “Through this collaboration, BSE is committed to enhancing knowledge and promoting awareness about the advantages of listing on the exchange as it will give opportunity to SMEs based in Goa to raise equity capital, create visibility and innovation etc. It’s great to see the focus on extending outreach to SMEs deeper in Goa and facilitating their listing on the BSE SME Platform with the assistance of GCCI. This demonstrates a proactive approach to inclusivity and support for businesses operating in the state of Goa that may have limited access to such opportunities. The partnership between BSE and GCCI will offer crucial support to the SMEs across the state, easing the path to becoming a listed company and enhancing accessibility without any hassle.”
