Small-scale businesses have been the backbone of the Indian economy for many decades. As of now, the Micro, Small, and Medium Enterprises (MSME) sector contributes to almost one-third of India’s gross domestic product. Over the last few years, the MSME sector has evolved to present itself as a vibrant and dynamic component of the economic sector. This sector employs over 120 million people around the country and contributes around 45% of the nation’s overall exports.

While the sector has gotten over the impact of the pandemic and is expected to experience a growth in revenue of almost 15-17%, the new era of growth puts forth newer challenges, digitization and credit availability being a few of them.

Comprising a conference, awards ceremony and an exhibition, the last two editions of the convention had overwhelming participation from over 2500 delegates learning from 70+ speakers. Celebrating the achievements of the sector, the convention has been a testament to 200+ awards being presented to the achievers of the MSME sector who have withstood the test of time. The 3rd edition of the MSME India Business Convention, a brainchild of Industry Live, aims to foreground the new challenges faced by the sector whilst promoting the visibility of Indian MSMEs and encouraging global market outreach and standardization of products/services.