Government of Telangana and NSE sign MoU to fuel growth of MSMEs in State

Mumbai, March 4, 2022: India’s leading stock exchange, the National Stock Exchange of India Ltd. (NSE) and the Government of Telangana have signed a Memorandum of Understanding (MoU) to help catapult MSMEs in the State to the next level of growth. 
 
The MoU was exchanged between Mr. Hari K., Chief Business Officer, NSE & Mr. Jayesh Ranjan, Principal Secretary, Industries and Commerce Dept., Government of Telangana, in the presence of Shri K.T. Rama Rao, Minister of Municipal Administration & Urban Development, ITE&C, Industries and  Commerce, Government of Telangana, in Hyderabad.  
 
As part of the understanding, NSE with the support of the Government of Telangana will conduct awareness drive through seminars, MSME camps, knowledge sessions, road shows, workshops to guide corporates across the state for fund raising on NSE Emerge platform and also handhold the companies in listing process.  
 
On its part, the Government of Telangana shall facilitate MSMEs to get listed on the NSE Emerge, by considering ways to reimburse percentage of expenses incurred on raising of funds, with a pre-defined upper limit to encourage the MSMEs to opt for raising of capital through SME Exchanges. Telangana Government will also explore the possibility of setting up a government sponsored equity participation fund to invest in the fast-growing SMEs in the State, on the Exchange platform.  
 
Shri K.T. Rama Rao, Minister of Municipal Administration & Urban Development, ITE&C, Industries and Commerce, Government of Telangana said: “Telangana state is in the forefront of taking initiatives to help the MSMEs from the state to grow as large business. This collaboration will help the MSMEs to raise funds through capital markets via an IPO and get benefited as a listed entity”. 
 
Mr. Jayesh Ranjan, Principal Secretary, Industries and Commerce Dept., Government of Telangana said: “Government of Telangana has been at the forefront to provide ease of business for the MSMEs. To strengthen our stance, Government of Telangana has signed an MOU with the National Stock Exchange of India Ltd to enable SMEs to list on the NSE Emerge platform to raise capital in an efficient manner and scale up their business to compete globally. We shall jointly conduct awareness sessions in different districts to promote equity culture and create awareness for efficient capital raising via exchange platform. We are confident that local SMEs based from Telangana will benefit by listing on NSE Emerge platform.” 
 
Mr. Hari K., Chief Business Officer, NSE said: “National Stock Exchange and Government of Telangana has joined hands to actively collaborate to support the SMEs of the state to list on the NSE Emerge platform. NSE Emerge provides access to SMEs to list on the stock exchange and raise capital in an efficient manner. We, at NSE would handhold the SMEs through the listing process, thereby empowering them to achieve next level of growth. Listing facilitates better access to capital for their future growth story, enhances credibility and visibility at national level and supports to unlock valuation. We shall jointly conduct awareness sessions in different districts of Telangana to promote equity culture and create awareness about efficient capital raising via exchange platform.” 
 
As on today, NSE’s SME Emerge platform, currently has 241 companies from various sectors, listed. Total funds raised on the platform till date is approx. INR 3683.21 Cr. The platform has 10 companies listed from Telangana on the SME Emerge platform.