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Dun & Bradstreet Information Services India Pvt. Ltd., the leading global provider of B2B data, insights and AI-driven platforms, signed a Memorandum of Understanding (MoU) with The Plastics Export Promotion Council (PLEXCONCIL) to create an ecosystem for promoting, aiding and fostering the growth of Small and Medium Enterprises (SMEs) exporters in the country. This partnership will help SMEs in India to increase their visibility, expand access to global markets, find potential customers, uncover new suppliers and channel partners, manage risk and identify growth opportunities.
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The Indian government has set a target for the country to become a US$5 trillion economy by FY 2025 and SMEs will play a critical role in this growth journey. This segment is expected to contribute 50 percent of GDP by FY 2025 from the current 30 percent. To achieve that target, SMEs must contribute 75 percent to the incremental GDP between today and FY 2025. This represents a significant contribution of SMEs to India’s growth, and they will require increased support from the government, policy makers and business service providers.
Commenting on the collaboration, Avinash Gupta, Managing Director & CEO – India, Dun & Bradstreet, remarked, “For over two decades, Dun & Bradstreet has been dedicated to empowering Indian MSMEs, offering essential business intelligence for their sustained growth. With more than 99 percent of businesses falling within the Micro, Small, and Medium category in India, and a substantial 94 percent operating in an unorganized capacity, our collaboration with PLEXCONCIL is poised to be instrumental in propelling the growth of MSMEs, particularly those involved in plastic exports. Through the utilization of Dun & Bradstreet’s D-U-N-S RegisteredTM Solution, MSME plastic exporters can fortify their credibility and enhance visibility on a global scale. In the upcoming quarter, we are excited to introduce an ESG seal tailored for our MSME customers, facilitating seamless collaboration with larger corporates. This initiative not only aids MSMEs in aligning with ESG targets but also encourages larger corporations to actively engage with the MSME supply chain, fostering a sustainable and mutually beneficial ecosystem.”
