20 percent reserved for MSE's

'It is widely expected that the Public Procurement Policy that has already been approved by the Union Cabinet would be introduced in the next session of Parliament. And beyond doubt, for the small business community, this first-of-its-kind policy is something worth eagerly waiting for.

'The bill mandates government departments and public sector units to procure minimum 20 percent of their total annual purchases from Micro and Small Enterprises (MSEs) - a move that is expected to facilitate the sector exclusive access to public procurement worth Rs.35,000 crore annually. This figure is just big enough to get our hopes up, despite the fact that the minimum 20 percent quota will be made mandatory only after the first three years of implementation.'

Click here for the full article (source: smetimes.in).