Two-day Vendor development program begins at FTCCI

Hyderabad, Jan 10: A two-day Vendor Development programme organized by MSME-DFO, Balanagar, Hyderabad in association with Federation of Telangana Chambers of Commerce & Industry (FTCCI), began here on Tuesday.
The programme was inaugurated by Gareth Wynn Owen, Deputy High Commissioner, British Deputy High Commission, Hyderabad.
Speaking on the occasion, D.Chandra Sekhar, Additional Development Commissioner, MSME-DFO, Hyderabad, who is the Chief Guest of the programme , said that this programme will act as platform for the buyer-sellers — PSUs and MSEs to interact with each other and understand their business requirements for creating business relationship.He said that two such programmes will be held at Khammam and Ramagundam during the current financial year.NMDC Chief General Manager B.Mohan Kumar, said that NMDC has been procuring items from MSME vendors beyond 25 percent consistently for the last 10 years and during the current year, they went upto 75 percent beyond mandatory procurement as per Government of India’s Public Procurement Policy.NMDC being a cash rich company, he requested the participating MSMEs to enter as business partners with NMDC.
He urged the participating units to register themselves under the GeM portal and for timely payments to utilize the services of TRED Platform.
Speaking on the occasion, FTCCI President Anil Aggarwal, said that this is a good opportunity for the MSMEs to form business linkages with PSUs in manufacture of indigenous materials and reduce import cost which are at exorbitant rates and urged the participating units to utilize this opportunity for their business growth with the support of PSUs.South Central Railway Deputy CMM, Eswarayya, said that they have been procuring 6000 items per year out of the sanctioned budget of Rs.750 crore from MSME vendors which is more than 25 percent more than the mandatory procurement. They are displaying around 100 times in the exhibition and requested to conduct more such programmes for the benefit of MSMEs.