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Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
The statistics provided by the annual reports of Ministry of Small and Medium Enterprises (MSME) shows a rise in the plan amount spent on the khadi sector from ₹1942.7 million to ₹14540 million, and non-plan amounts from ₹437 million to ₹2291 million, in the period from 1994–95 to 2014–15. The interest subsidies to khadi ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank , the OECD , European Union , the United Nations , and the World Trade Organization (WTO).
By comparison, a medium-sized business or mid-sized business has fewer than 500 employees. The European Union generally defines a small business as one that has fewer than fifty employees and either turnover or balance sheet less than €10 m.
Coimbatore is called the Manchester of South India due to its extensive textile industry, and IT industry, small and medium scale enterprises. The GDP (gross domestic product) of Coimbatore is around $45 billion (2021). [1] It is second largest city by GDP in Tamil Nadu.
In this industry, also, medium scale factories contract work out to small-scale and cottage concerns. Also like the sports goods industry, most of the output is exported. Sialkot is the biggest surgical maker in the world and India, America, Australia and many other countries are importers of surgical instruments from this city.
More than 51% of these industries are located in rural areas. [2] Major industrial sectors include electrical and electronics , leather , auto parts , pharmaceuticals , energy equipment , jewellery , pollution control , sport goods , building material , garments , food processing , plastic and rubber .
The region mainly houses a large number of Small and Medium scale in industry with some Large scale industries as well. The Adityapur Industrial Area Development Authority is the governing body of the region and looks after the development of the industrial region. The region has as over 1000 industrial units as of 2010. [9]