Plan to list MSMEs in exchanges evokes lukewarm response from knitwear units

  • | Tuesday | 26th March, 2019

“With the SME platform, the MSMEs can bank on the public listing for those needs and growth,” he said. “A knitwear business unit at Khaderpet is the only MSME from Tirupur to list in the BSE-SME platform and is doing well. Head of the BSE SME platform Ajay Thakur delivered a special address.MSMEs are depending on bank loans, borrowings from lenders and own capital to meet working capital needs, TEA executive secretary S Sakthivel said. “In the present scenario, we do not know how many units may be interested,” he said. Some more units have shown interest.”For the equity options, there is a need for high backend works including documentation and there needs to be a separate team for it, said knitwear exporter N Jeyasekar.

Read Full Article Here

If You Like This Story, Support NYOOOZ

NYOOOZ SUPPORTER

NYOOOZ FRIEND

Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.


Stay updated with all the Coimbatore Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.

Related Articles