India’s premier stock exchange, the National Stock Exchange (NSE), has entered into a Memorandum of Understanding (MoU) with the Government of Jammu and Kashmir to enhance awareness among Micro, Small, and Medium Enterprises (MSMEs) in the region regarding fundraising through Initial Public Offerings (IPOs) using the NSE Emerge platform. This agreement was formalized in a recent ceremony in Jammu, attended by Arun Manhas, Director of Industries and Commerce for Jammu, Khalid Majeed, Director of Industries and Commerce for Kashmir, and Krishnan Iyer, Senior Vice President of the NSE, alongside Chief Minister Omar Abdullah.
As part of this initiative, the NSE, in collaboration with the Jammu and Kashmir government, will conduct a series of awareness programs, including seminars, MSME camps, knowledge sessions, roadshows, and workshops. These efforts aim to assist businesses across the state in understanding the process of fundraising through the NSE Emerge platform and provide guidance during the listing process.
Vikramjit Singh, Secretary of Industries and Commerce, emphasized that under Chief Minister Omar Abdullah’s leadership, the government is working to create a favorable ecosystem for MSMEs in the Union Territory. The MoU is seen as a significant step to encourage these businesses to engage with capital markets through the NSE Emerge platform, which offers an alternative avenue for fundraising. Singh noted, “NSE Emerge provides MSMEs access to public capital, enhancing their visibility and credibility.”
Sriram Krishnan, Chief Business Development Officer of NSE, remarked that this partnership aims to facilitate growth for MSMEs by simplifying capital-raising processes and promoting visibility through market listing. He encouraged local enterprises to seize this opportunity for new financing avenues available through NSE Emerge.
Currently, 690 companies from various sectors have listed on the NSE Emerge platform, collectively raising over INR 20,759 crore, with a total market capitalization reaching approximately INR 2,00,000 crore. The NSE stands as India’s largest stock exchange and a global leader in derivatives trading, providing a technology-driven marketplace with integrated services that encompass trading, clearing, settlement, indices, and investor education.
Original Source: https://www.indiatodayne.in/business/story/nse-strengthens-msme-ecosystem-in-jammu-kashmir-through-strategic-mou-1311881-2025-12-02?utm_source=rssfeed
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Publish Date: 2025-12-02 17:23:00
