D&B India to offer info services to MSMEs on BSE platforms at discount

Mumbai, May 20 (KNN) Leading stock exchange BSE has joined hands with Dun & Bradstreet Information Services to promote the growth of Small and Medium Enterprises (SMEs).

The two entities have signed a memorandum of understanding (MoU) in this regard, BSE said in a statement on Tuesday.

This partnership will help SMEs in India to increase their visibility, expand access to global markets, find potential customers, uncover new suppliers and channel partners, manage risk and identify growth opportunities, it added.

Commenting on this collaboration, Ajay Thakur, Head-BSE SME and Startups, said, ''This collaborative effort will enable SMEs and startups who are currently listed on BSE SME & Startups platform, or expected to be listed, to avail of Dun & Bradstreet business information services at a special price, that will not only strengthen their credibility but will also expand the scope of business opportunities for them.”

This MoU will help both BSE and Dun & Bradstreet reach maximum SMEs across the country for offering their products, which will be beneficial to them and bring growth in their business. This will also create inclusive growth and employment in the country.

The new partnership will provide Indian SMEs with access to Dun & Bradstreet’s suite of data and analytics solutions through BSE SME and start-up platform.

“In India, more than 99 per cent of businesses belong to Micro, Small and Medium category and 94 per cent of them are unorganized. Our recent survey conducted in the last quarter of 2020 reveals that the three topmost challenges that might impede SMEs to scale up their businesses are market access (42 per cent), improving the overall productivity (37 per cent) and having access to more finance (34 per cent). By working with BSE, we expect to play a pivotal role in enabling the eco-system required to accelerate SME growth and help achieve the government GDP contribution target of 50 per cent of GDP by FY 2025,” said Avinash Gupta, Managing Director & CEO – India, Dun & Bradstreet.