Finance minister P Chidambaram today launched BSE IndoNext, a joint project promoted by the Bombay Stock Exchange and the Federation of Indian Stock Exchanges to create a national trading platform for small- and medium-sized enterprises (SMEs).
"IndoNext would be a real platform for entrepreneurs of the country who represent the SME sector. SMEs are creating millions of jobs and these companies can be the winners by replacing the current market leaders," he said.
Majority of the research companies in the capital market are engaged in studying the prospects of 50 companies with huge market capitilisation. No research firm is carrying out any study on companies having capital structure between Rs 3-20 crore, he said.
