Australia India Business Council
Small & Medium Enterprises
Small and medium enterprises (SMEs) are an indispensable part of our economy. They provide employment and many other important benefits such as innovation and economic growth. Unfortunately, there are many barriers to financing that can affect the ability of SMEs to grow and prosper. This AIBC chapter will aim to eliminate some of these barriers and how they affect SMEs.
SMEs are a driver of economic growth and job creation since they employ a substantial percentage of the local workforce, and their contribution to the GDP has grown over the years. The SME sector also remains a major employer of immigrant workers, and over 50% of all immigrant workers are employed in the sector. Small businesses of any industry can make a huge impact on the world and SMEs have the power to create immense change. The AIBC SME Chapter works closely with industry leaders and top government bodies to champion the needs for SMEs and keep them driving the economies of Australia and India.
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