No disaster can stop entrepreneurship in the state – Industry Minister Subhash Desai.
Listing of 350th Small and Medium Enterprises in the stock market.
Mumbai: Entrepreneurs in the state have always been entrepreneurial. Even during the Corona period, 60 companies from countries like the USA, London, Germany, South Korea have invested. Many small businesses have grown in a short period of time due to the state’s industry-friendly policy. Industry Minister Subhash Desai expressed confidence that the small and medium enterprises listed today will soon become big industries. He was speaking when the 350th company in the Small and Medium Group (SME) group was listed on the Bombay Stock Exchange today.
The event was attended by Ashish Kumar Chouhan, Managing Director and Chief Executive Officer of BSE, Ajay Thakur, Head of SME Department and investors through a direct and visionary system.
Congratulating the entrepreneurs who have joined the Mumbai Stock Exchange, Mr Desai further said that the government has announced a number of schemes for small and medium enterprises. In the last nine years, assets worth about Rs 40,000 crore have been created through these 349 companies listed on the Bombay Stock Exchange. Of these, 115 companies are headquartered in Maharashtra. This is a matter of pride. I was here at the time of listing of 50th company, 300th company and today the listing of 350th company is taking place in my presence. He wished that the listing of three thousand companies would be in my presence soon.
Mr Desai appealed to the small businessmen to dream big. For this, he gave examples of entrepreneurs like Tata, Birla, Ambani, Kirloskar. He said that all these entrepreneurs started from the micro and have made a name for themselves globally today.
Ashish Kumar Chouhan, Managing Director and Chief Executive Officer (CEO) of BSE, reviewed the progress of small and medium entrepreneurs. Mr Chouhan said that the number of farmers in the country today is equal to the number of investors investing in the stock market. In the past, entrepreneurs had to raise capital only through acquaintances, now investments are being made in new industries across the country. Twelve of these small and medium enterprises listed so far are start-ups. He said that BSE is not just a regulatory body but also runs an incubation centre for entrepreneurs through BSE.
Venkatesh Refinery is the 350th SME company listed today. Samora Realty Limited and B Line Financial Services were also listed today. SMEs have been listed with SEBI approval since 2012.
