The National Stock Exchange on Monday organised a seminar here to educate small and medium sized companies operating in the State on the opportunities available for them to raise capital.
NSE officials spoke about the benefits of raising capital through EMERGE, its trading platform for SMEs.
Ravi Varanasi, Chief-Business Development of NSE, said, “Through EMERGE, we are bringing together growth companies and risk investors in a well regulated environment, enabling both sides to benefit from the discipline and transparency, to create a virtuous cycle facilitating flow of risk capital to growth companies.”
Bhubaneswar has emerged as a fast-growing commercial hub in Eastern India, and is home to a large number of SMEs. It has the highest rate of employment growth among the Tier II cities, and has been listed as one of the top ten emerging cities in the country. t is a major tourist destination, and of late, has attracted many large IT companies to set up base in the city.
The SME Conference was attended by more than 50 SMEs from sectors like engineering, mining, electrical, and hospitality. Among others, MSME Secretary Panchanan Dash, MSME-Development Institute Assistant Director PK Mishra and SIDBI DGM Subhransu S Acharya addressed the conference.