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21 Feb 2024, Edition - 3144, Wednesday

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Chance for PSU-MSME to forge business partnerships

Covai Post Network


The grouse that micro units have been having about Public Service Units (PSUs) not procuring from them is expected to be addressed at the National Vendor Development Programme that is to be held here on January 7 and 8.

This comes as a great opportunity even as there is a procurement policy that the PSUs should procure 20 per cent from the Medium, Small and Micro Enterprises (MSME).

S. Ravikumar, President of Coimbatore Tirupur District Micro and Cottage Entrepreneurs Association, said that the micro units should make use of the programme to meet and forge good relationships with the PSUs.

Micro units have been complaining that the PSUs do not procure enough from them. On the other hand, there is also displeasure over the approach of the vendors towards the PSUs.

Mr. Ravikumar believed that despite infrastructure problem, micro units had the potential to manufacture for PSUs like the Southern Railways and Neyveli Lignite Corporation.

“If the approach of the micro unit representatives’ change, they can fare well with the PSUs and this meet would create ample chances for the micro units and also others,” he told the Covai Post.

About 110 MSME units, from foundry, manufacturing and engineering sectors, are to take part in the programme, in which representatives of nearly PSUs would be participating.

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