NSE & Defence Ministry's Big Push for Indian MSMEs | Stock Market News
Today, we will discuss an important development related to the Indian capital markets. The NSE and the Ministry of Defence have signed an MoU that will help MSMEs in the defense sector raise capital. Under this MoU, MSMEs will be able to use the NSE Emerge platform, which is specifically designed for small and medium enterprises. This platform will support these businesses in raising equity capital efficiently and transparently.
Over the next five years, the Department of Defence Production and NSE will jointly conduct awareness campaigns. The aim is to guide companies in using the NSE Emerge platform and connecting with necessary intermediaries such as merchant bankers and registrars.
Overall, this initiative, by making capital access easier, can boost innovation and growth in defense technology and services.
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