SKOCH Achiever Award

SKOCH Achiever Award

The MSME sector contributes 9 per cent of GDP and is the most crucial link between India’s economic growth and socio-economic progress. As per the 4th MSME sector report, this sector employs an estimated 59.7 million persons spread over 26.1 million enterprises. It is estimated that in terms of value, MSME sector accounts for about 45 per cent of the manufacturing output and around 40 per cent of the total export of the country. But, policies and programmes often tend to overlook this crucial sector. Many SMEs have risen against all odds to carve a niche for themselves. In recent years the MSME sector has consistently registered higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adaptability to survive the recent economic downturn and recession. The Skoch Achiever Award seeks to recognise and honour such outstanding SMEs to promote enterprise and entrepreneurship.