The micro and small enterprises (MSEs) have been accepted worldwide as the engines of economic growth and are instrumental in promoting equitable development. The MSEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSEs play a pivotal role in the overall industrial economy of the country. Further, in recent years the MSE sector has consistently registered higher growth rate compared to the overall industrial sector. The major advantage of the sector is its employment potential at low capital cost.
Hence Mint took an opportunity to target this market space & create a workshop for MSEs & partners to raise debate & get clarity in growth of the industry.
This year’s summit was titled “MINT SME Vision 2010 – Solutions & Strategies”. Held in the month of January 2008, the summit addressed the current state of affairs in the sector, growth patterns, and future trends and sought solutions to the growing MSEs with a turnover ranging between 20-60 crores. The event was supported by SMERA – the MSE Rating agency. The topics of discussion ranged from policy matters to the information & communication technologies to the new financial tools being offered to the MSE sector.