NSIC buyer-seller meet attracts around 100 MSMEs

New Delhi, Dec 30 A daylong buyers-sellers meet at Nashik attracted around 100 micro, small and medium enterprises (MSMEs), convened by National Small Industries Corporation (NSIC) at the National Engineering Cluster in the Ambad industrial estate of the Maharashtra Industrial Development Corporation (MIDC).

The business meet provided an interactive platform for the government and the large companies including the MSMEs to explore business opportunities.

The public sector undertakings and companies including Hindustan Aeronautics Ltd (HAL), Maharashtra State Power Generation Company Ltd, India Security Press (ISP), Currency Note Press (CNP), Indian Oil Corporation Ltd (IOCL), Railway Traction and Technocrats participated as buyers. The companies gave presentations on their requirements from vendors or suppliers. Around 100 micro and small companies participated in a programme as sellers or suppliers, according to a media report.


"Our aim is to provide business opportunities to MSMEs and familiarise them with purchase procedures like vendor registration and supply of materials to the public sector undertakings. The MSMEs had an opportunity to interact with the government undertakings and companies in a vendor development programme. The buyers were happy that they could identify some vendors. This would generate business to the vendors in the long term,” said senior branch manager (Nashik), NSIC, P Krishna Mohan.

"We have announced January 2015 as the month to register for benefits of micro and small companies. They need not register separately with government companies once they are registered with the NSIC. We help the micro and small companies market their products and enhance their business potential in domestic and foreign markets as well,” he added.

The NSIC is a Central government enterprise and was founded under the Ministry of Micro, Small and Medium Enterprises and promotes the growth of MSMEs across the country, through various financial, marketing and technical schemes.