60 more firms to be listed on BSE SME platform: Chauhan

As many as 60 companies are in pipeline to be listed on the BSE's platform for small and medium-sized enterprises, Ashishkumar Chauhan, MD and CEO of the BSE said.

So far, 312 companies have been listed on the BSE SME platform and have collectively raised around Rs 3,200 crore, Chauhan added.

While emphasising on the role of listing, he said listing turns income into wealth and noted that the firms listed on the BSE SME account for a total market capitalisation of Rs 18,000 crore.

He mentioned that listing has a host of benefits that include branding, improved credit rating and easy finances among others.

BSE launched its SME platform for small and medium enterprises in March 2012. Of the 312 companies listed on the platform, as many as 71 have migrated to the main board.

The firms listed on the platform belong to a wide range of sectors like infrastructure, pharmaceuticals, hospitality among others.

Chauhan while speaking at an event here said India's economy projected to grow at 6 per cent is still better when compared to other economies in the world and mentioned that demand is likely to revive post Diwali.

He said Indian economy is in a transformational phase where people are moving from the era of "non payment of bank loans" to an era of "payment of bank loans" and that Insolvency and Bankruptcy Code has played a positive role.

Tracking the global trends he said the US is "seriously trying to rebalance its trade with the rest of the world.