SME- Empowering India Awards 2023 | Arrucus Media | 30 November 2023 | TBA

Small and Medium Enterprises play a vital role for the growth of Indian economy by contributing 45% of the industrial output, 40% of exports, 42 million in employment and create one million jobs every year. SME complement large industries as ancillary units and contribute enormously to the socioeconomic development of the country. SME manufacture more than 8,000 products ranging from traditional to high tech items.

SMEs have always been the backbone of an economy in general and secondary sector in particular. For a capital scarce developing country like India, SMEs are considered as panacea for several economic woes like unemployment, poverty, income inequalities and regional imbalances.