Mumbai, Aug 20 (KNN) SME Chamber of India has collaborated with Majestic Market Research Support Services Ltd (MRSS India) 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 Mumbai, on the occasion of the SMECOI foundation day.

The event was attended by the guests such as Ch. Vidyasagar Rao, Governor of Maharashtr, Subhash Desai, State Minister for Industries, Rajeev Kumar Agarwal, Whole Time Member, SEBI, Deepak Kesarkar, Minister of State for Home, Planning & Finance, Arun Tiwari, CMD, Union Bank of India and others.

Raj Sharma, Chairman MRSS, said “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”

Whereas, Chandrakant Salunkhe, President of SMECOI, stated that 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.” (KNN Bureau)