Thirty Eight CPSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. This was revealed in a meeting chaired by Kalraj Mishra, Union Minister for MSME, to review the implementation of Public Procurement from MSMEs.

Mishra highlighted the importance of this policy which was made mandatory by the Government from April 2015, to the promote MSMEs and Startups in the country. He said that to promote the Startups in India his ministry has issued a circular dated 10th March 2016 that allows Central PSUs to relax the norms of ‘prior experience and prior turnover' for those MSMEs who can deliver the goods as per prescribed technical and quality specifications.

He also highlighted that the CPSUs have to take proactive action to achieve targets of 20% annual procurement from MSMEs including 4% from MSMEs owned by SC/STs.

(Continued on the next page)