Vizag Steel: MSE vendors pitch-in over 40 pc in procurement in FY’23

Visakhapatnam: Rashtriya Ispat Nigam Ltd (RINL), also known as Vizag Steel Plant (VSP) Director (Commercial) DK Mohanty on Friday said till Dec’22, RINL has procured 40.42 per cent from MSEs out of total procurement and it is expected to be scale up 40 percent for FY 22-23.
For the current financial year 2022-23, RINL had set the target procurement from MSEs as 31.80 percent of total procurement, said Mohanty.
Addressing after inaugurating a 2-day Vendor Development Program cum Buyer-Seller Interaction Meet & Industrial Exhibition being organized by Micro, Small & Medium Enterprises Development Institute (MSMEDI), Visakhapatnam in Association with Visakha Autonagar Small Scale Industrialists Welfare Association (VASSIWA), here, he advised the Local MSEs to establish themselves as sources of supply for materials such as Thermocouple Tips, Lollypop Samplers , Probes, Fasteners, Ferro Alloys, Refractories, chemicals.
He requested local MSEs to quote reasonable prices and delivery schedules to foster long term business relationships with RINL.
Highlighting Significant efforts by RINL to extend support to micro and small enterprises (MSEs), Mohanty said that In Financial Year 2021-22, Out of Rs 3246 crore total procurement from MSMEs, Rs 60 crore procurement is from Local MSEs.
Rs.51.26 crore worth of material was procured by Material management department of RINL, Visakhapatnam steel plant in the current financial year from Local MSEs, he said “In order to meet prescribed target procurement from Women and SC/ST MSEs, a special vendor registration drive was conducted by RINL for SC, ST and women vendors recently one month from November 15, 2022 for enhancing SC, ST and Women Vendor base.
For the year 2022, 3 Online Vendor Development Programs and 5 Online Interactive sessions/Training Sessions on Government e-Market Place (GeM) are organized by RINL for the benefit of MSEs, especially Local ones, Mohanty informed the gathering that a National Vendor Interaction program with the registered vendors of RINL is scheduled to be held at RINL on January 28, 2023 and he requested the local registered vendors to utilize this opportunity.
The prime objective of the program is to facilitate interaction between the Central Public Sector Undertakings, Large Pvt. Industries, Government departments, Promotional Agencies and MSEs by bringing them together as Buyers and Sellers on a common platform for forging business tie-ups for mutual benefit, he added. (UNI)