MSME task force to seek procurement policy change

The MSME task force, set up by the Prime Minister’s Office is likely to suggest re-orientation of procurement policy of the government to give boost to small and medium enterprises, hit hard by the global financial meltdown.
Besides, changes in the procurement policy of the government, the task force may also suggest modification of labour laws and steps to increase flow of credit to the MSME sector, sources said. The seven sub-groups of the task force set up by the Prime Minister’s Office in September to look into the problems of the sector would be submitting their reports by the month end, sources said.