MSMEs in TN have huge potential to grow their businesses through GeM

CHENNAI: The Centre’s e-Marketplace platform is to enhance transparency, efficiency and inclusiveness in public procurement where the MSMEs in the country have huge potential to participate and grow their business, said Prashant Kumar Singh, CEO, Government e Marketplace (GeM) while delivering his keynote address at the CII SR MSME procurement summit held here on Friday.

Singh said GeM is planning to conduct awareness programmes in TN in the coming months to reach out to many MSMEs to participate in this initiative. The prime focus is to increase the number of sellers from the state using the GeM portal.

He further said to provide support to MSMEs, the government has offered the logistics services through Post Offices all over the country.

M Ponnuswami, chairman, MSME & EoDB Sub-Committee, CII-SR suggested a separate vertical could be created to address the issues of micro, small and medium enterprises and to adopt a uniform regulatory framework for MSMEs amongst all states.

Considering that a key constraint which limits the growth potential of MSMEs is lack of market access, the summit aimed at providing opportunity for MSMEs to develop business linkages and spur growth.

The PSEs and private enterprises that presented the opportunities include L&T Construction, Brakes India, L&T Su-Fin, Integral Coach Factory - Chennai, Heavy Vehicles Factory - Avadi, Tamil Nadu Newsprint & Papers Ltd, Chennai Petroleum Corporation Ltd and ONGC.