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PSUs on track with procurement from MSMEs

By Niranjan Mudholkar,

Added 18 March 2016

Made mandatory by the Government from April 2015, to the promote MSMEs and Startups in the country.

Mishra mentioned that a SC/ST Hub has been setup in his ministry to promote the development of SC/ST entrepreneurs. This Hub will provide avenues for SC/ST entrepreneurs under public procurement policy, encourage them to register under Udyog Aadhar Memorandum, encourage them to register products manufactured by them, facilitate their participation in vendor development programmes organized by CPSUs and sponsor their applications under PMEGP.

He also highlighted that to improve ease of doing business his ministry has launched Udyog Aadhar Memorandum, an online registration for MSMEs in October 2015. Within a short span more than 3.8 lakh UAMs have been filed.

Minister of State Giriraj Singh also highlighted the importance of developing critical components, import substitution, maintenance of spares of high tech machines and equipments by CPSUs. He also highlighted that organizing vendor development programmes and entering into rate contracts with MSMEs are the key to enhancing public procurement.

The meeting was attended by representatives from 44 CPSUs. During the meeting, issues related to achieving 20% procurement targets were highlighted and the ways to achieve them were also discussed.
END