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As per Dun & Bradstreet Small and Medium Enterprises (SMEs) Account for a substantial share of India’s industrial production and exports with an estimated share of about 45% of the manufacturing output and around 36% of the total export of the country. The SMEs are credited with generating the highest rates of employment growth and play a key role in the economic development. In recent years, the SME sector has consistently achieved higher growth rate compared to the overall industrial sector. With its agility and dynamism, the sector has shown admirable innovativeness and adoptability to sustain its growth in the market.

Mr. Winston Adams, Vice President – Corporate Affairs receiving the Award from Chief Guest Dr.H.P.Kumar, Chairman cum Managing Director, National Small Industries Corporation Ltd. in the presence of Mr.Kaushal Sampat, President & CEO – India, Dun & Bradstreet and Ms.Anjali Puri, Commercial Development Manager, South Asia – British Airways in a grand function at ITC Grand Central, Parel, Mumbai on 25th November 2013.

In recognition to the growing importance of the SME sector in India to the overall economy, Dun and Bradstreet is pleased to announce SME Awards 2013 to acknowledge some of India’s leading SMEs across various sectors thereby encouraging their development in the years to come. After screening more than 1000 applicants from different sectors on various business dynamics pertaining to operational structure, financial performance, export performance, financing preferences, and marketing strategies, Phoenix IT Solutions Ltd. was selected as the Best Regional SME – South (India) in the IT & ITES Category.

Speaking on the occasion Mr.MuraliKrishna Gannamani, CEO & Managing Director of Phoenix IT Solutions said, this is indeed a great honour and recognition of our commitment and focus to the Energy and Utility Sector over the last 13 years and I thank Dun and Bradstreet team for selecting us for this Award.