Leading stock exchange Bombay Stock Exchange(BSE) has signed a memorandum of understanding (MoU) with Dun & Bradstreet Information Services India to create an ecosystem for promoting, aiding and fostering the growth of Small and Medium Enterprises(SME).
Objective:
i.To accelerate SME growth.
ii.To help the government in achieving the GDP contribution target of 50% of GDP by FY 2025.
Key points:
i.This partnership will help SMEs in India to
- Increase their visibility,
- Expand access to global markets,
- Find potential customers,
- Uncover new suppliers and channel partners
- Manage risk
- Identify growth opportunities
ii.Under this partnership, Dun & Bradstreet will provide business information services at a special price to SMEs and startups who are currently listed on BSE SME & Startups platform, or expected to be listed
iii.Access to Dun & Bradstreet”s suite of data and analytics solutions will also be provided to Indian SMEs through BSE SME and start-up platform.
iv.Customised training and certification programmes are also provided to help SMEs navigate the ever-changing global business environment.
v.Events will be organised to create awareness about products and services of BSE and Dun & Bradstreet India among SMEs
Note:
In 2012, BSE launched its SME platform and so far 337 companies listed on the platform have raised Rs 3,498 crore from the market and the total market capitalisation of 337 companies is over Rs 25,000 crore.Out of 337 firms, 99 companies have migrated to BSE mainboard.
- BSE is the market leader in this segment with a market share of 61 percent.
Recent Related News:
On March 5, 2021, a Joint Venture (JV) agreement was inked between BSE Investments Limited (BSEIL) and Frontier Agriculture Platforms Private Limited (FAPL) under which the latter bought 40% stake in BSE E-Agricultural Markets Limited (BEAM).
About Dun & Bradstreet India:
Dun & Bradstreet India is a leading global provider of B2B data, insights and AI-driven platform.
Managing Director(MD) and Chief Executive Director(CEO): Avinash Gupta
Headquarters:Mumbai,Maharashtra
About BSE:
Establishment– 1875
Subsidiaries– Indian Clearing Corporation Limited, BSE Institute Ltd, and BSEIL
Equity index– S&P BSE SENSEX
Managing Director(MD) and Chief Executive Director(CEO)– Ashishkumar Chauhan
Headquarter– Mumbai, Maharashtra
