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MSMEs propose small-ticket tenders to participate in bidding

Updated: Dec 30, 2019 06:26:52am

MSMEs propose small-ticket tenders to participate in bidding

New Delhi, Dec 30 (KNN) The micro, small and medium enterprises (MSMEs) sector representatives have proposed small-ticket tenders so that they could participate in bidding.

According to Federation of Indian Micro and Small & Medium Enterprises (FISME), smaller firms are getting elbowed out from public procurement as orders are generally bundled up making their size very large.

"The government is increasingly getting projects executed on turn-key basis through large corporates which do not fall under public private partnership (PPP) for the MSMEs," FISME added.

"These practices need to be checked and remedial steps taken," the industry body has written to finance minister Nirmala Sitharaman.

As per the current policy, it is mandatory for every central ministry, department and PSUs to procure 25 percent of their supplies annually from the MSME sector. But MSMEs have been complaining that many government entities do not adhere to the guideline.

Further, FISME also proposed generous payment terms from the government to encourage greater number of participants in the bidding process especially MSMEs. (KNN Bureau)



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