Millennium Post - SMERGERS shares information on MSMEs that are up for sale as a result of Covid-19
Jun 18, 2021
MSMEs in India are languishing in the doldrums with almost 4,900 of them up for sale, and double the number expected to follow in the wake of second and third waves, says online deal-making firm SMERGERS. According to a survey by Dun and Bradstreet, 82 per cent of 250 MSMEs that were surveyed, said that Covid-19 had hit them hard. A Reserve Bank of India report states that MSMEs are one of the five worst affected sectors in India. Artisans and weavers form even a smaller number within the industry that is largely unorganised.
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