Govt. to approve purchase policy for MSEs in a month: Dinesh Rai

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Saurabh Gupta | 09 Apr, 2010
The Micro and Small Enterprises (MSEs) are in for a windfall, as the government may approve the 20 percent purchase policy for MSEs in a month, said Dinesh Rai, Secretary MSME, in the sidelines of an event in the capital recently.

Rai said, "We have instructions from our Minister to do this as soon as possible. We will definitely finalize the 20 percent procurement policy in PSUs for MSEs this month or in the beginning of coming month."

"Cabinet note is being circulated and has given us a fifteen days time-frame. As soon as this period of 15 days will be completed, we will put that in the cabinet with the permission of our minister," he added.

According to the recommendation of a high-level MSME Task Force constituted by Prime Minister Manmohan Singh, the Centre will reserve 20 percent for MSE manufactured items for procurement by the government.

Moreover, media reports says the government purchase from MSE sector is around Rs 40,000 crore, of the estimated total procurement of Rs 6,00,000-7,00,000 crore annually, which is less than 7 percent.