NALCO to enhance procurement volume from MSME sector: NALCO CMD TK Chand

Bhubaneswar, Mar 8 (KNN) National Aluminium Company Limited (NALCO), one of the Navratna PSUs, is planning to enhance its procurement volume from the MSME sector.

Addressing a seminar on 'Developing MSME Sector in Odisha' as part of the MSME Trade Fair in Bhubaneswar on Tuesday, NALCO chairman -cum-managing director T K Chand said the company is planning to increase its purchase preference from MSMEs from the existing 15 per cent to 20 per cent.

He said Nalco provides a large market for the MSMEs of Odisha and has supported the growth of the sector as a responsible mother plant.

The company was interested in greater collaboration by entering into a MoU with the Department of MSME to further boost the small and medium scale industries of the state, pointed NALCO CMD.

Currently, Nalco made purchases amounting to Rs 350 crore from MSMEs recently, out of which orders worth Rs 250 crore were from Odisha-based MSMEs.

"The percentage will go up in the future because Nalco is now focused towards inclusive growth by supporting the MSME and ancillary industries of the state," Chand said.

Stating that Nalco already has a system in place to support its MSME vendors, the CMD said the company has played an exemplary role in providing specific drawings, designs, technology and service support to MSMEs for its products.