New procurement policy to benefit MSMEs
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2010-02-19

New procurement policy to benefit MSMEs

Out of the total procurement of the public sector undertakings 20 per cent might be reserved for the micro, small and medium enterprises (MSME) sector.

Out of the total procurement of the public sector undertakings 20 per cent might be reserved for the micro, small and medium enterprises (MSME) sector. “We are preparing a cabinet note to encourage the micro and small sector. The policy will be presented for cabinet approval within one month,” said Dinesh Rai, the secretary of micro, small and medium enterprises ministry.

 

According to Rai, the Committee of Secretaries (CoS) has agreed to adopt the new policy. The policy might be implemented for three years.

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