Lucknow, Sep 14 (KNN) In order to purchase goods manufactured from micro and small enterprises (MSEs), the Ministry of Railways’ Research Designs and Standards Organisation (RDSO) will be arranging a buyer-sellers meet.
The meet will be organised on September 25 at stores Directorate of RDSO in Lucknow for vendors.
According to public procurement policy for Micro, Small and Medium Enterprises (MSME) Development Act, 2006, all the government departments and public sector undertakings (PSUs) should reach a target of at least 20 per cent of their annual volume of purchases from the sector.
The policy envisages extending certain benefits to MSEs and making effort for development of vendors and enhancement of their participation.
In order to reap benefits, MSEs must register with district industries centres, Khadi and Village Industries Commission (KVIC) and its board, Coir board, National Small Industries Corporation (NSIC), Directorate of Handicrafts and Handloom and other body specified by the Ministry of MSME.
Meanwhile, the MSME sector in India is highly heterogeneous in terms of the size of the enterprises, variety of products and services produced and the levels of technology employed.
While one end of the MSME spectrum contains highly innovative and high growth enterprises, more than 90 per cent of them are unregistered with a large number established in the informal or unorganized sector.
Besides the growth potential of the sector and its critical role in the manufacturing and value chains, heterogeneity and unorganised nature of the MSMEs are important aspects that need to be factored into policy making and programme implementation.