HomeNewsFor small businesses, the ScaleUp Summit 2022 opens new doors

For small businesses, the ScaleUp Summit 2022 opens new doors

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The ScaleUp Summit 2022 brings together the most influential policymakers, business leaders, and innovators in the micro, small, and medium-sized company (MSME) sector. The chance to advance is unmatched, and the collective intelligence is evident. The conference, which is a FEAspire project, is his Ph.D. Chamber of Commerce and Industry as its knowledge partner and U Gro Capital as its supporting partner.

The summit, which includes panel discussions, keynote addresses, and networking opportunities, is centered on new opportunities in the MSME sector, financial and technological challenges MSMEs must overcome, supportive policies, democratizing commerce with ONDC, and the digital transformation of MSMEs.

In India, there are around 63.4 million MSMEs that employ close to 120 million people. MSMEs are essential to our economy’s expansion because they diversify our supply chains, spur innovation, boost productivity, identify problems, and create employment.

MSMEs make up around 30% of our GDP and receive 50% of the money made from all exports.

The MSME sector will be essential to achieving the ambitious goal of a $5 trillion economy with a 25% contribution from the manufacturing sector.

The industry is optimistic and ready to go all out to achieve the ambitious goal, and the government has introduced enabling regulations and ensured policy stability to create an environment that would be favorable to attracting investments.

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