CPSUs urged to up public procurement from MSMEs
The Dollar Business Bureau The Union Minister for Micro, Small, Medium Enterprises (MSME), on Friday, urged Public Sector Units (PSUs) to increase their procurement from MSMEs to boost the country’s small-scale industry. In a review meeting on implementation of Public Procurement Policy that was attended by representatives from 44 CPSUs, MSME Minister Kalraj Mishra revealed that 38 Central PSUs (CPSUs) have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. He urged CPSUs’ to take a proactive action to achieve a target of 20% annual procurement from MSMEs including 4% from MSMEs owned by SC/STs. Mishra informed that a new hub set up under the Ministry will also provide avenues for SC/ST entrepreneurs under the Policy, by encouraging ...
