Stepping up efforts to get more local small units on the suppliers list of large companies one more vendor development initiative was taken up at Kundaim Industrial Estate.
The state level buyer-seller meeting was recently organised by the MSME Development Institute, Margao, in association with Kundaim Industrial Estate Industries Association and comes on the heels of a similar meet in Verna about two months back.
In all, eight large companies attended the programme: Crompton Greaves Ltd, Bosch India, UB Group, Proctor and Gamble, Essel Propack, Hindustan Unilever, Goa Ship Yard Ltd and National Small Industries Corporation (NSIC,) while on the other side were 60 small units.
As per the Public Procurement Policy of the government of India, it is mandatory for PSUs to procure a minimum of 20 per cent of their requirement from micro and small enterprises, w.e.f April 1 2012.
Chief guest for the occasion, Mr Velayudhan, director, MSME Institute said that such interactions help both small and large industries for their mutual business interest to promote industrialisation.
During the day long meeting companies gave presentations about the products they manufacture, the items they procure and service they source from small entrepreneurs. This was followed by an interactive meeting between large scale industries and local entrepreneurs with an opportunity to small enterprise owners to brief about their capacity to become suppliers or vendors to large units.
As such fabricated sheet metal components, precision machining, aluminum and steel casting, fiberglass and rubber components, printing and packaging, sub-assemblies (electrical and electronics) etc were some of the areas having potential for business to small enterprises.
Speaking at the occasion, Mr Shivanand Bachagundi, assistant director, MSME Institute, said that small enterprises feel that large companies having their base in Goa are not giving enough business opportunities to them. On the other hand, large industries and PSUs are of the opinion that local suppliers can be included in their approved list of vendors provided they provide quality products and at competitive prices. [NT]