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Sinhgad Industrial Association Pune

Global India Business Forum and Sinhgad Industrial Association Pune willingly agree to enter the Memorandum of Understanding (MoU) to cooperate with each other in facilitating mutual investment and industrial growth, particularly in the SME sector.

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Sinhgad Industrial Association Pune (SIA) was established in 2021 in Pune, the educational capital of the country. The SIA has over 1500 members and through its affiliates it represents over 50,000 industries. Nearly 70 percent of its members are from the SME sector.

With sweeping changes brought about by rapid globalization, mergers and takeovers having become the order of the day, with new challenges for industry to a large extent SIA meets the requirement of SMEs in this process. The world over, micro, small and medium enterprises (SMEs) are recognized as a dynamic sector and credited with the creation of over 80 percent of total employment.

In India, SMEs have created 480 million jobs while the organized sector has created 29 million jobs. This vital sector embodies the entrepreneurial spirit and is represented by the All India Association of Industries (SIA), its core mission being ‘building bridges of prosperity through industry’.

Key Highlights:

Established: 2021 in Pune, the educational capital of India
Members: Over 1500 direct members
Representation: Through affiliates, represents over 50,000 industries
SME Focus: Nearly 70% of members are from the SME sector
Mission: 'Building bridges of prosperity through industry'
Global Perspective: Addresses challenges of globalization, mergers, and takeovers

SIA plays a crucial role in supporting SMEs through the challenges of globalization and rapid industrial changes, while contributing significantly to employment generation and economic development in the Pune region.

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