Micro, Small and Medium-sized Enterprises (MSMEs) Day is celebrated every year on 27 June. The day is marked to recognise the contribution of these industries in the implementation of the Sustainable Development Goals (SDGs).

On the eve of International MSME Day, the global not-for-profit Wadhwani Foundation has called for empowering MSMEs with capabilities to accelerate their growth as they were struggling due to the COVID pandemic.

The International MSME Day 2021 is a time to introspect and reflect upon the hardships bestowed upon the MSME sector. However, MSMEs are a crucial part of the economic and social fabric of the country, and complete recovery will only be possible with a high-intensity and strategically structured support to this high-spirited sector.

It was essential to stabilize the sector by meeting the immediate challenges of cash flows, wages, pressing creditors and perhaps more important challenges of finding where growth lies, in realising its true potential.

Samir Sathe, Executive Vice President, Wadhwani Advantage, said “As the pandemic continues to trouble the world, especially the  developing economies, there is a renewed appreciation of the fact that MSMEs need attention, care, nurturing and rejuvenation, failing which, the world order of business, commerce, economics and  livelihoods will crumble and wither, in no time.”

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