Small and Medium Enterprises (SMEs) are the backbone of any developing economy. While the large corporates enjoy the limelight, the SMEs work silently to enable economic activities. China has the largest number of SMEs followed by India.
A report published by the Office of Advocacy in the US in 2019, indicated that 44% of the economic activities happen through SMEs. Around 60 million Micro, Small and Medium Enterprises in India employ nearly 40% of the non-agricultural workforce and contribute around 36% to the GDP. Their contribution to export is nearly 50% in developing economies.
SMEs have a significant social impact as well. The Cooperative Enterprises and Distribution of the SMEs across the geographics make them critical instruments of employment and economic development.
However, the Indian SME story is yet to reach its climax. Although before and during the pandemic, government has taken radical steps to empower and create a level playing field for Indian MSMEs, a major section of MSMEs continue to struggle for survival and growth.
Using the gained experience to become a business enabler for Indian MSMEs in manufacturing segment, in 2015, Maxentra Consultants Private Limited was formed.
"Maxentra" means a company which strives for optimum results throughout the business spectrum.
Click to read more about the 'MSME Story'.
Ghatkopar West Mumbai
0 - 3 yrs
