Vadodara, Sep 26 (KNN) Out of 277 Central Public Sector Units (CPSUs), only 43 of them have achieved the target of 20 per cent procurement from the micro, small and medium enterprises (MSMEs), Laghu Udyog Bharti (LUB) has pointed.

Addressing at the Annual General Meet of LUB Gujarat Unit in Vadodara on Sunday, its President, Hitendra Joshi said, “Till now 43 CPSUs out of a total of 277 CPSUs have achieved the target of 20 per cent."

He said 129 CPSUs had made a total purchase of Rs 1,28,345 crore during 2014-15. However, these CPSUs made purchase of only Rs 14,551 crore from MSMEs which comes to 10 per cent purchase from them.

Joshi noted that if CPSUs meet the target of procurement, it can help additional 50 lakhs workers getting direct jobs and another 50 lakhs to get indirect employment.

LUB talked about the circular issued by the government allowing PSUs to relax the norms of 'prior experience and prior turnover' for those MSMEs which can deliver goods as per prescribed technical and quality specifications. (KNN Bureau)