Jammu, Nov 24: In a significant step toward strengthening the financial ecosystem for Small and Medium Enterprises (SMEs) and Micro, Small & Medium Enterprises (MSMEs) in Jammu and Kashmir, a Memorandum of Understanding (MoU) was Monday signed between Department of Industries & Commerce, Government of J&K, and the National Stock Exchange of India Limited (NSE). The MoU was signed in the presence of Chief Minister Omar Abdullah.
Deputy Chief Minister Surinder Kumar Choudhary, Additional Chief Secretary to the CM Dheeraj Gupta, Commissioner Secretary Industries & Commerce Vikramjit Singh, Director JKEDI, Directors of I&C Kashmir and Jammu, representatives of NSE and other concerned officers were present during the signing ceremony.
The agreement aims to create greater awareness among local enterprises about the benefits of formal listing and to facilitate their potential listing on the National Stock Exchange—India’s leading stock exchange platform. The initiative is expected to open new avenues of growth, investment, and market expansion for J&K-based entrepreneurs. Chief Minister Omar Abdullah appreciated the collaborative initiative, noting that the partnership with NSE will empower local businesses with improved financial literacy, enhanced visibility, and broader access to capital markets.
“The government is committed to enabling our MSMEs and SMEs to compete at national and global levels. This collaboration with NSE will help bring transparency, investment, and confidence to our entrepreneurial ecosystem,” the Chief Minister said.
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