New Delhi, Aug. 19 -- Small and Medium Enterprises (SMEs) are a very important ingredient of a country and its business ecosystem. They contribute to the economy, employment and complement the larger companies and conglomerates to operate seamlessly. For any country, it is critical for its SMEs to perform optimally.

The governments, in countries such as India, have taken a keen interest in encouraging entrepreneurship across sectors so that many SMEs are there across the country. Well-functioning SME ecosystem enables a nation to enhance productivity, and output across sectors, as well as accelerate the pace of exports. It enables the development of the business landscape across Tier 2, Tier 3 cities, and beyond.

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