On June 27, the world comes together to celebrate World MSME Day, acknowledging the pivotal role played by Micro, Small, and Medium Enterprises (MSMEs) in strengthening the economy of India. This annual event serves as a reminder of the significance of these enterprises and the importance of creating an environment that fosters their growth and innovation. Suchit Subhas, Director of Amazon Business, emphasizes the need for providing MSMEs with the right opportunities and support to establish a prominent presence in the global market.
In recent years, MSMEs in India have demonstrated their potential to dominate the market and make a lasting impact on the global stage. However, realizing this potential requires a conducive business climate and access to resources that can help these businesses thrive. Amazon Business recognizes this need and has been actively working to enable MSMEs to reduce their indirect expenses, enhance profitability through the adoption of new technologies, and streamline their procurement processes.
Suchit Subhas, Director of Amazon Business, states, “At Amazon Business, we have been working rigorously to enable MSMEs to cut down on their indirect expenses, enhance their profitability via adoption of new technologies, and avail seamless procurement methods.” The company has witnessed significant growth in supporting MSMEs, with a YoY increase of 40% in the addition of small and medium businesses. Amazon Business remains committed to constant innovation and creating solutions that can empower MSMEs, making them more efficient and future-ready.
World MSME Day serves as a timely reminder for all stakeholders, including Amazon Business, to create a business climate that nurtures the growth and development of small businesses. By recognizing the vital role played by MSMEs and providing them with the necessary tools and opportunities, India can continue to strengthen its economy and create a thriving ecosystem for entrepreneurship.
As World MSME Day approaches, it is essential to celebrate the achievements of MSMEs in India and to collectively work towards creating an inclusive and supportive environment for their sustained growth. Together, we can empower MSMEs to unlock their full potential, contribute to economic progress, and establish a strong presence on the global stage.