TEN NEWS NETWORK
New Delhi (27/06/2022): MSME is the backbone of every country’s growth, job creation and MSME is important for real contribution in country’s economic development with digitization in business & society.
MSME Importance and their role in strengthening economies, June 27 is celebrated as the Micro-Small and Medium-sized Enterprises Day. The day is aimed at raising public awareness of the contribution of MSMEs to global economic growth and sustainable development
MSME Day recognizing the importance of Micro, Small and Medium-sized Enterprises in achieving sustainable development, in promoting innovation, Manufacturing, Service Provider, Trader, Startups, Women entrepreneurs, Job creation, Country economy growth, Adding foreign exchange, creativity, Social decent work and sustainable work for all.
MSMEs are the backbone of many economies, representing 95 percent of all companies worldwide and accounting for 60 percent of employment. In developing economies, they contribute to around 35% of GDP and, in developed countries, around 50%.
MSME Is Contributing Job Creations, Business, Taxes And Social Responsibility In all world. MSME Contributes in manufacturing, service sectors, retailing and now startup coming in MSME With Digital Revolution In India And Globe. SMEBIZZ Vision is MSME Entrepreneurs business growth. In India, 6.3 crore MSMEs provide over 12 crores of jobs, contribute to 45% of exports and over 30% of manufacturing value-added. In emerging markets, most formal jobs are generated by SMEs, which create 7 out of 10 jobs.
With around 63.4 million units throughout the geographical expanse of the country, MSMEs contribute around 6.11% of the manufacturing GDP and 24.63% of the GDP from service activities as well as 33.4% of India’s manufacturing output. They have been able to provide employment to around 120 million persons and contribute around 45% of the overall exports from India. The sector has consistently maintained a growth rate of over 10%. About 20% of the MSMEs are based out of rural areas, which indicates the deployment of significant rural workforce in the MSME sector and is an exhibit to the importance of these enterprises in promoting sustainable and inclusive development as well as generating large scale employment, especially in the rural areas.
MSME to enhance exports and ensure localization it is essential to make the country a global manufacturing powerhouse by improving India’s manufacturing base. This can be achieved by scaling up India’s competitive advantage or augmenting the competitiveness of MSMEs and make India a preferred destination for manufacturing for the world. MSME will play an import role and it can be done through increasing their manufacturing capabilities. MSME adopting a holistic approach will make India a global manufacturing and leading export hub.
MSMEs are an important part of larger national and global value chains and their health has a bearing on supply chains overall and indeed the ability to supply numerous goods and services.MSMEs are part of the economic and social fabric of the country and recovery will only be possible with the vibrant MSME sector. India’s MSMEs sector are more than 63 million has been at the centre of attention.
Many Industrialists, businessmen, women entrepreneurs, startups, Msme, Sme, traders, manufacturers and retailers participated and share their msme Views and MSME development. Guests which participated were Sandeep Marwah (Founder of Noida Film City & Owner Of Marwah Studios), COULIBALY D. Hervé(Diplomat of Embassy of Burkina Faso), Navrattan Aggarwal(Owners Of Bikarnerwala Group), DR. PAWAN KANSAL(CHAIRMAN OF JAGDAMBA CUTLERY LTD) and GAURAV GUPTA (CHARTER PRESIDENT-LIONS CLUB DELHI VEG. ).
Alao, Many Entrepreneurs Participated i.e P Sharma, Pradeep Dwivedi, Kawaljit Singh, Kapil Aggarwal, Bhushan M Juneja, Arjun Arora, Harpreet, DR. RAVI R. KUMAR, KAPIL KHANDELWAL, Rajesh Sehgal, Mohit Bhardwaj, Puneet Singh Chhatwal, Ravinder S. Oberoi, Varun, Akshay Kumar. Pyush, Vineet, Nitya, Sneh, Rajeev, Neetu, Sonia
Jitender Chawla, CEO OF SMEBIZZ States that All MSME Day Is proud For All MSME As recognized globally on MSME Day and MSME Are Benefitted By DIGITAL INDIA, Atmanirbhar Bharat, Swarojgar, make in India And Swadeshi Adding Value to their business and society. MSME Adapting Digital Platforms For Their Business & Doing Business Digitally Adding Connectivity With Clients For Business Sustainability And Growth. Also, An Opportunity For MSME Business To Grow Business With Connecting the Whole World With Digital And online Platforms. Digitalization is a must for all entrepreneurs to grow their business. MSME Have to concentrate on skill development, policy, product innovation, sales, marketing and finance to be more organized and Strengh in their businesses.
MSME Day is good to celebrate and remember the contribution of MSME IN ecomomy growth with planning strategy for future growth and development. MSME Now Focusing Vocal to local and moving ahead for local to global To capture trade in whole world.
MSME To Focus On Business Growth As it is Most Important For ALL. Also, MSME To Be Trained To Run Their Business Which Help MSME A Professional Environment With Doing Business Smartly To Focus On Profits.
SMEBIZZ Is Supporting Startup, Entrepreneurs, Entrepreneurs Forum, Industrial Association And Also Social Causes & Events. SMEBIZZ WORKING ON E- DESI i.e Entrepreneurs digital ecosystem initiative so that all businessmen use digital technology for their businesses. Therefore, this WORLD MSME DAY, it is time to acknowledge it all.
