Fifteen Gujarat-based companies are already listed on the BSE SME platform and the leading bourse wants to increase this number.
    
"Of the 84 companies listed in our BSE SME platform, 15 are from Gujarat. We have high hopes from this State as more and more SMEs from here are showing interest to get on-board our SME platform," said BSE Managing Director and Chief Executive Officer Ashsihkumar Chauhan on Friday.
    
He was here to address a seminar on SMEs and benefits of listing on the platform, launched over two years ago.
    
During his interaction with the media, Chauhan, who hails from Ahmedabad, said 20 more SMEs from the State may get listed soon, taking the total to over 100.
    
The SME platform has been created specifically for smaller firms, having less than Rs 10 crore as issued capital.
    
Addressing the gathering, Chauhan highlighted several benefits of being on the SME segment of BSE.
    
"This platform is for those who can't list themselves in the main board of BSE, which has thousands of large firms. Lenders will trust you if you list with SME platform. It will be easier for you to get loans. If you are listed, you can increase your market cap several times."
    
The seminar on 'SME Funding: Role of Capital Market' was organized by BSE, market regulator SEBI and Small Industries
Development Bank of India (SIDBI).

SEBI Whole-Time Member Rajeev Kumar Agarwal said SME sector is the backbone of Indian economy.
    
"This sector alone gives employment to more than 10 crore people. SME's contributes 40 per cent in total Indian exports. It is our duty to protect this sector and give it ample opportunity to grow," he said.
    
Agarwal lauded the entrepreneurial spirit of Indians. "In India, 90 per cent of small businesses are based on proprietorship, which shows our spirit of doing business by putting our own money. More we give them opportunity, more they will grow in size and subsequently contribute to our GDP," he added.

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