The world over, 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(AIAI), its core mission being ‘building bridges of prosperity through industry.

Established in 1956 in Mumbai, the commercial capital of the country by Shri Babubhai M. Chinai, M.P. The AIAI 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 AIAI meets the requirement of SMEs in this process.