“SME Business Confidence Index for India Launched”

Mumbai, 19th August 2016: SME Chamber of India (India’s leading National Premier Chamber) has collaborated with MRSS India Ltd. to launch a study to measure the “SME Business Confidence Index” for India. The research titled “SME CONFEX 2016” is the first sentiment measuring mechanism of its kind to be conceptualized. The formal inauguration and launch of the Index was held on 19th August at Sahara Star, Mumbai, on the occasion of the SMECOI FOUNDATION DAY. The event was graced by dignified guests such as Shri Ch. Vidyasagar Rao (Hon’ble Governor. Maharashtra) ; Shri Subhash Desai (State Minister for Industries) ; Shri Rajeev Kumar Agarwal (Whole Time Member,SEBI ); Shri Deepak Kesarkar (Minister of State for Home, Planning & Finance) ; Shri Arun Tiwari (CMD, Union Bank of India) amongst others.
The SME segment, considered the backbone of the economy, is the key segment of focus for not only the Government but also the Industries and Administrative bodies. This Index designed by MRSS and SMECOI will aim to “measure”, “monitor” and “manage” this segment, which serves as the driving force of the economy. The multi-million dollar multi-year research would cover an extensive base of more than 6500 SME companies across the country and provide a genuine yardstick for the measurement of the prevailing SME sentiment and their future outlook.
Mr. Raj Sharma, Chairman MRSS, added, “MRSS strives for better measurement in INDIA. SME CONFEX is salient to our vision and we are glad that SME Chambers of India is our partner in this initiative. Surely, enough the scale and scope will get grander”
 Mr. Chandrakant Salunkhe, President of SMECOI, commented, “ SME Chambers of India has been dedicated to the cause of SME’s across INDIA and on our FOUNDATION DAY we are proud that we have created history for SME sector in INDIA. SME Confex is a platform that will engage multiple stakeholders in our purpose”
About MRSS India Ltd.:
MRSS India relies exhaustively on usage of technology for data acquisition offering reliability, validity and faster turnaround times to its clients. The company has wide range of offerings such as eye tracking, mobile analytics, video analysis, facial recognition, digital tracking, online communities, neuroscience, emotional analysis, automated audience measurement, sensory sciences, etc. It is India’s first and only listed market research company, and also a member of MRSI and DIN (Digital Insight Network – Global). MRSS India is a subsidiary of Majestic Market Research Support Services Limited, one of Asia’s largest full service market research firms. MMRSS is a member of ESOMAR, QRCA, MRA, etc., with presence in 18 countries across Middle East and Asia Pacific region.
About SME Chamber of India:
SME Chamber of India is the leading National premier Chamber which has been working for the growth of SMEs from Manufacturing and Service Sectors for the last 23 years. The Chamber supports a variety of activities like export promotion, Channelization of Bank Finance & Investment, joint ventures, technology transfers, exchange of know-how, setting up industries, marketing, distribution and connectivity with Buyers, Importers, Investors and strategic business partners from abroad. The Chamber also has a presence in various countries and supports SMEs in identifying emerging business and collaboration opportunities in Gulf Countries, Africa, North and South America, Japan and European countries. It has also been instrumental in issue and problem resolution of SMEs, providing recommendations and suggestions for policy change along with emphasis on implementation of this change.

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