Union Minister Nitin Gadkari on Monday asked micro, small and medium enterprises (MSMEs) to get themselves listed on stock exchanges, and said he has already requested the finance ministry to allot Rs 10,000 crore to the MSME ministry for buying equity of such entities.
"I had gone to the National Stock Exchange...and we got 20 MSME companies registered on the stock exchange... I have recommended the finance ministry to give us Rs 10,000 crore. We will go to the National Stock Exchange or any other capital market and build up the equity for ourselves," He said.
Gadkari, who is road transport & highways and MSME minister, was speaking during the 114th Annual Session of PHD Chamber of Commerce and Industry here.
"So, we will buy 10 per cent equity in MSME companies on behalf of the government and once the prices of shares go up, we can be the owner of Rs 1 lakh crore instead of Rs 10,000 crore," the minister said.
He asked the MSMEs that are exporting and have good balance sheets to
