Bangalore, Jan 27 (KNN) Karnataka Small Scale Industries Association (KASSIA) has organised a programme on Trade Receivables Discounting System (TReDS) for the benefit of Micro Small and Medium Enterprise (MSME) suppliers.

Speaking on the occasion, Ketan Gaikwad, Managing Director & CEO, Receivables Exchange of India Ltd., (RXIL Trade Centre), mentioned that the Government was extremely keen on ensuring that the delays in payments to MSMEs by the buyers are reduced as much as possible.

''This was necessary as the MSMEs form the backbone of the Country’s economy and their survival and growth is extremely important for the economic development of the Country,'' he added.

He also stated that the platform was slowly gaining the popularity and government had issued clear guidelines for buyers to onboard the platform adding that ''Government was closely monitoring the transactions on the platform to ensure the purpose for which it is set up is achieved.''

However, he remained optimistic that more and more MSMEs would participate in the TReDS platform so as to derive the maximum benefit from the platform.

The event also witnessed Siddalingappa B Poojari, Joint Director, District Industries Centre, Bangalore Urban, Ulagiyan Balasubramanian,  AGM, SIDBI and  Chandra Mouli, DGM, SIDBI.

---------------------