Jammu, Nov. 25 -- The Jammu and Kashmir government and the National Stock Exchange on Monday signed an agreement to create awareness among local businesses about the benefits of formal listing, an official spokesperson said.

The memorandum of understanding (MoU) was signed between the Department of Industries and Commerce, and the NSE in the presence of Chief Minister Omar Abdullah, the official said, terming the pact as a significant step toward strengthening the financial ecosystem for small and medium enterprises (SMEs) and micro, small and medium enterprises (MSMEs) in the Union Territory.

He said the pact aims to create greater awareness among local enterprises about the benefits of formal listing and to facilitate their potential ...