Staff Reporter : kolkata, 3rd October, 2024. Government of West Bengal and National Stock Exchange of India Ltd. (NSE) arranged an Interactive Workshop on “SME IPO – Promising Avenue of Fund Raising for SMEs” at Kolkata on 27th September 2024. The event was attended by a select group of SME promoters of the State of West Bengal.
Shri Rajesh Pandey, IAS, Principal Secretary, MSME&T Department, Government of West Bengal said “Today with the National Stock Exchange we have organized an engaging workshop to encourage and support the MSMEs of our state and enable them to pursue listing opportunities on NSE Emerge platform. The event was well received by focus group of companies, and many promoters have shown inclination to explore the opportunity of fund raising through the capital market. The MSME&T Department will provide necessary support to intending SMEs.”
Dr. Harish Ahuja, Senior Vice President, NSE said “We have been working closely with various stakeholders to support the SME sector to access funds via capital markets. NSE Emerge has been an enabler for such SMEs to list on the stock exchange and boost the India growth story. Today, we have conducted an enriching session with the support of Government of West Bengal to educate the focus group of SME entrepreneurs of the state.”
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year
2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by the World Federation of Exchanges (WFE).
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