Dun and Bradstreet India (D&B India), and Axis Bank, have reinforced their commitment to service the micro, small and medium enterprises (MSMEs) in India through the launch of the D&B-Axis Bank Business Gaurav SME Awards 2011. The awards, in conjunction with the publication Leading SMEs of India 2011, are aimed at felicitating the leading MSMEs across the country. The publication is an endeavour to provide a platform for MSMEs and underscore some of their key achievements, thus highlighting their role in the economy.

The Government of India has continuously emphasized the role of MSMEs in order to sustain economic growth. MSMEs provide employment to millions of people, through over 12 mn units. Moreover, MSMEs account for around 45% of the country’s manufacturing output and account for well over 90% of the industrial units in the country. MSMEs also play a crucial role in India’s exports and account for approximately 40% of India’s total exports. It is a well accepted fact that MSMEs provide the foundation for economic growth, especially in developing economies like India.

MSME focused policies such as the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 have been proved conducive for the MSME segment. The sector is also attracting increasing interest from private equity and other investors, and the introduction of SME exchanges will further helped spur growth in the segment.

Leading SMEs of India 2011 preserves the D&B lineage of providing information and knowledge that facilitate informed business decisions. D&B has drawn on its time-tested expertise in business information to the benefit of the micro, small and medium companies, as this publication adequately reflects.

I hope you will enjoy reading Leading SMEs of India 2011 and look forward to receiving your feedback and suggestions.

Kaushal Sampat
President & CEO - India
Dun & Bradstreet