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Dun & Bradstreet India (D&B India), continuing its tradition of supporting the development of small and medium enterprises, has launched the inaugural edition of Emerging SMEs: Mumbai 2007. The publication is the first in the upcoming cluster series dedicated exclusively to the SMEs across the country. The publication seeks to profile the emerging SMEs in the Mumbai cluster and attempts to provide a platform for the profiled SMEs to showcase their achievements.

Over the last decade, Mumbai has proved to be a viable option for setting up of SMEs in terms of infrastructure, financing and technology. Emerging SMEs: Mumbai 2007 focuses on SMEs whose manufacturing units are situated in Mumbai and nearby areas. The publication covers three prominent sectors in terms of number of units and employment - Chemicals, Pharmaceuticals and Textiles.

For the purpose of inclusion in the publication, over 5,000 companies were contacted and screened on the basis of turnover, investment and employee size. The end result is a repository of authenticated information on the true SMEs that have a turnover in a range of Rs 40 million – Rs 1,000 million. A total of 300 companies, 100 from each sector, have been covered and profiled in the publication. The publication also includes the cluster insights that have been collated from the responses highlighting their various activities and the cluster related benefits and hindrances.

Private limited companies formed the dominant category in all the three sectors accounting for 50% of the textile sector; 69% from the chemical sector and 63% from the pharmaceutical industry. Organic chemical manufacturing was the most popular product category in the chemical sector with around 34% of the companies involved in organic chemicals segment. In the pharmaceutical sector, 68% of the profiled companies are involved in the allopathic medicines segment while in the case of textiles, 73% of the sampled companies were engaged in cotton and cotton related products segment.

A majority of the companies profiled were pursuing or interested in deploying various growth strategies in the near future. Likewise, with respect to future growth plans, 82% of the chemical companies envisaged strategies for future growth with 31% interested in capacity expansion. 70% of the companies from pharmaceutical segment and 76% from textile sector have future expansion plans. In terms of the benefits derived from being part of a cluster, quality up gradation, manpower training and technology availability were the top three elements for all three sectors combined. In terms of quality up gradation, 44% of the chemical companies, 25% of the pharmaceutical companies and 44% of the textile companies claim to have benefited from being in a cluster.

With the SME segment poised to play an important role in the growing economy, D&B India is confident that Emerging SMEs: Mumbai 2007 will provide the right platform for SMEs to tap global opportunities and tackle emerging business challenges.

Kaushal Sampat
Chief Operating Officer
Dun & Bradstreet India