Lucknow, July 26 (KNN) The Uttar Pradesh government has decided to support the listing of MSMEs on domestic stock exchanges which the firms have been eyeing on to expand their businesses.

With an aim to compete both nationally and internationally, MSMEs in the state are showing interest in listing on stock exchanges.

To help the firms with listing the state government is also facilitating the process. 

To give priority to the MSMEs incorporated in the last 5 years for listing the state government has identified key sectors, including logistics, food processing, manufacturing, IT, plastics, leather, textiles etc.

Having a combined market cap of about Rs 230 crore about 20 MSMEs from UP have listed on the BSE and the National Stock Exchange (NSE) in the last 12 months, as per Business Standard.

The government has also asked the stock exchanges to mentor the businesses and proactively facilitate the listing of UP firms so that the state MSME sector is better equipped to face the growing challenges in the market, said Additional Chief Secretary (MSME & export promotion) Navneet Sehgal.

He said that for creating awareness among the state MSMEs about the process and benefits of listing on the stock exchanges the MSME department will hold workshops and knowledge sessions across the state.  (KNN Bureau)