Thursday, November 30, 2023

Delegations can encourage foreign investors to invest in SMEs: Piyush Goyal

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Piyush Goyal the minister of commerce, stated that government and business delegations to other countries, such as those of FICCI, might persuade FIIs and sovereign funds to invest in BSE SME stocks. was addressing on Monday in Mumbai at the BSE’s 400th SME (small and medium-sized businesses) company listing ceremony. The commerce minister suggested that it would be wise to let foreign funds and investors know about the SME market on the BSE.

We could look at a faster growth and ramp-up and obtain large investments through actual valuations for the companies that are functioning on the exchange, Goyal said. “This is one way we could get this ecosystem known across the world,” he added.

He added that a representative from this exchange who has raised money or performed well in the exchange may be included in this delegation when the government or organisations like FICCI send delegations abroad.

And this representative, he claimed, might approach foreign investor funds (FIIs) or sovereign funds about taking part in the exchange and persuading them to view it as a lucrative avenue for investment.

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