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“The recognition gave us so much motivation for what we want to do. It put more wind beneath our wings so we could work to make our place in the international market. That’s what our goal is: to be recognised internationally,” says Lubeina Shahpurwala, co-founder, Mustang Enterprises. Mustang Enterprises was awarded Clothing & Apparel MSME of the Year in the 2023 edition.
The ET MSME Awards 2024 will comprise five core areas: Overall Industry Awards, Awards by MSME Category, MSME Enabler Awards, Special Awards, and Industry Focussed Awards. Companies can apply for multiple categories.
The months-long adjudication process, undertaken by stalwarts in India’s MSME sector, evaluation partners, and ET editors, unfolds in four phases:
- Call for entry
- Evaluation and shortlisting
- Jury round
- Award ceremony
The Overall Industry Awards category includes the Indian MSME of the Year Award and Top Exporter of the Year Award. These honour business excellence and contributions to the socioeconomic landscape.
The Awards by MSME category comprise India’s Fastest-growing MSME Award and India’s Top Innovative MSME of the Year Award. The MSME Enabler Awards recognise organisations that support MSMEs, particularly in technology, innovation, banking, and financing. While the Special Awards highlight the efforts of women entrepreneurs and top-performing listed SMEs, the Industry Focussed Awards reward MSMEs in the automobile & OEM, pharmaceutical & healthcare, electrical & electronics, and clothing & apparel segments.
Nominations for the ET MSME Awards 2024 are open until November 30, 2024. The presenting partner is Aditya Birla Finance Limited (ABFL).
For detailed eligibility criteria and to register, visit the official website.