While inaugurating a ‘Seminar on Financial Clinic for MSMEs' organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM), Union MSME Minister, Kalraj Mishra said that the Union Ministry of Defence has ensured the participation of the Indian Micro, Small and Medium Enterprises (MSMEs) in the defence sector for high technology products and services,
He also mentioned that MSMEs can look forward to integrate themselves into the supply chains of Indian and international defence majors. From April 2015, all PSUs, central government ministries and departments have been directed to procure at least 20 per cent of products and services required by them from micro and small enterprises. The move will enable startup MSMEs to be a part of the mandatory 20 percent public procurement, said minister.
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