SME Ipo

SMEs plays a crucial role in contributing to Indian economy by way of generating employment, effective mobilization of funds, wealth distribution, constituting industrial base and contributing to exports and thereby to GDP. Statistically, SME contributes to 45% of the manufactured output, 40% to employment and is among the largest contributor to exports in Indian economy. Today, Indian SMEs operate in sectors such as IT, entertainment, media and the like represent the new and modern face of India. In India, due to their low scale and poor adoption of technology, SMEs have very poor productivity. Financing is the biggest challenge and the lack of it is the main reason for an SME going out of business.