New Delhi, Mar 24 (KNN) MSME-Development Institute, Nagpur, Government of India, Ministry of MSME in conjunction with Indian Oil Corporation Ltd. (IOCL) at Nagpur organized a State Level vendor Development Program (SVDP).

The objective of the program is to create opportunities for MSMEs to develop as potential vendors for the Central Public Sector Undertakings (CPSUs) under the Public Procurement Policy.

The Public Procurement Policy for MSMEs has been announced by the government for the growth, development and promotion of MSMEs by supporting them in marketing of products produced and services rendered by them.

Under this policy minimum 20% procurement is mandatory to purchase by Central Ministry/Departments/PSUs from MSMEs, out of which 4% is reserved for SC/ST entrepreneurs.

These CPSUs are searching for the local vendors for their annual requirement to help development of local suppliers which directly or indirectly beneficial to MSME and CPSUs both.

The program was chaired by B Vijay Kumar, In charge of MSME-DI Nagpur whereas A G Radhanpura, CGM, IOCL, Mumbai was the chief guest of the program.

Radhanpur in his address appreciated the efforts taken by MSME-DI Nagpur to create awareness amongst the existing and prospective entrepreneurs regarding Public Procurement Policy through SVDP.

Speaking at the occasion, he gave brief about the organization, and said “Indian Oil nurtures the core values of care, innovation, passion and trust across the organization in order to deliver value to its stakeholders.”

He said that IOCL has taken whole hearted efforts to bring the MSME percentage in positive numbers and thus for that IOCL has liberalized their policies and tenders are made transparent.

Explaining about the objective and goals of SVDP, B Vijay Kumar, In charge, MSME-DI Nagpur said that the aim of SVDP is to bring Buyers and sellers on a common platform as implementation and monitoring of Public procurement policy is being done by MSME Ministry.

On appealing participants to interact with representatives of IOCL he said that this is beginning of networking of working entrepreneurs with CPSUs and thus it’s important that participants understand their requirements and also vendor registration procedure.

J Majumdar, General Manager, IOCL, Mumbai expressed his gratitude to MSME-DI for creating awareness amongst the participants of Vidarbha by organizing such type of programs which will definitely be beneficial to the MSMEs.

R Hazarnis, representative from IOCL gave presentation on vendor development procedure and stores procurement of IOCL, Mumbai whereas R Dewri gave presentation on stores requirement. (KNN/YV)