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Small and Medium Enterprises play an important role as a growth engine of Indian economy. SMEs produce 40% of the total industrial output, contribute 40% of total exports and provide 70% of the employment opportunities. SMEs are the driving force behind a large number of innovations and contribute to the National growth through employment generation, investments and exports.
Indian SMEs are making tremendous progress in Industry, Service, Retail, IT, Agro and Food Processing, Pharmaceuticals, Precision Engineering and Manufacturing Sectors.
The flow of Foreign Direct Investment (FDI) in these Sectors has also increased in the last decade. As a result, SMEs are getting more and more opportunities to enhance their activities and expand & diversify their business in core sectors.
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