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Sigachi Industries bags top 100 SME Award 2022 from India SME Forum

Posted On : 2022-04-18 11:49:22( TIMEZONE : IST )

Sigachi Industries bags top 100 SME Award 2022 from India SME Forum

Shri Bhanu Pratap Singh Verma, Minister of State for MSME, Govt of India, presented top 100 SME Award 2022 to Sigachi Industries Limited in the recently concluded 9th edition of the India SME 100 Awards 2022. This recognition came as a result of the company's unparalleled work on building world-class products and providing excellent services to customers worldwide.

Amit Raj Sinha, MD and CEO at Sigachi said, "Sigachi Industries is humbled and delighted to have been recognised for its ability to carve a niche for itself in this rapidly evolving space at a global level. We are also looking forward to further growth for the sector within India given the budget allocation for MSMEs nearly doubling this financial year to Rs. 15,700 crores. The impetus added to incremental innovation in manufacturing and more so to the Pharmaceutical industry - which is a strong hold of Hyderabad is undeniable.

SMEs play a very important role in the India growth story and employ more than 40% of India's work force. As an organisation, with our continued focus on enhanced performance with excellence for delivery, respect for environment, integrity for service and resourcefulness for growth, we hope to add a little more to the growth story for India as a global manufacturing hub and as contributors of more employment and skill requirement generators. We are extremely thankful to the India SME forum for this recognition of our hard work."

Mr. Vinod Kumar, President - India SME Forum, commented on this happy occasion, "India has about 65 million SME companies offering an array of 6000 products. These SMEs contribute actively towards the Indian economy and micro-economic growth for a given location through recruitment and their CSR activities. Statistics show that the SME sector contributes 6.11% of the manufacturing GDP contributions, 24.63% of the Service Sector GDP, 16% of all bank lendings, 40% of exports and 45% of manufacturing output. It is indeed a commendable feat for Sigachi Industries to rank among the top 100 SME organisations from nominations of thirty seven thousand one hundred and thirty four SME companies under such a competitive environment and stringent evaluation criteria."

Sigachi Industries is driving the India growth story in the Microcrystalline Cellulose industry with its continuous focus on innovation and quality within the industry. In 2021, the company has also successfully listed its IPO and received an outstanding response.

The Jury Board of the 9th Edition of India SME 100 Awards 2022 that laid down the stringent evaluation process and criteria comprised of eminent personalities like Shri Dhanendra Kumar, IAS, Former Chairman Competition Commission of India, Chairman of the Jury Board, Shri Joginder Singh Joneja, Former CMD, National Small Industries Corporation, Vice Chairman of the Jury Board, Dr. Aruna Sharma, IAS, Former Secretary to Govt. of India, Shri Ramesh Abhishek, IAS, Former secretary DPIIT, & Independent Director - Cyient, Paytm Payments Bank, USIBC, Edelweiss WM, Paras Healthcare, Shri Prahlad Kakar, Ad Guru, Chairman, India SME Forum, Dr. Parveen Arora, Adviser & Scientist, Head - NCSTC, Ministry of Science & Technology, Shri Tilak Raj Bajalia, Former DMD, SIDBI, Shri Ajay Thakur, Head- BSE SME & Start-ups, Shri Hemendra Mathur Venture Partner, Bharat Innovation Fund, Prof. (Dr.) V.K. Ahuja, Vice Chancellor of National Law University and Judicial Academy, Assam, Shri Nitin Wali, Regional Director, GoDaddy Registry India, Shri Vinod Kumar Wuthoo, President, India SME Forum and Ms. Sushma Morthania, Co- founder & Director General, India SME Forum.

Shares of Sigachi Industries Ltd was last trading in BSE at Rs. 321.70 as compared to the previous close of Rs. 319.75. The total number of shares traded during the day was 17825 in over 1025 trades.

The stock hit an intraday high of Rs. 326.30 and intraday low of 318.00. The net turnover during the day was Rs. 5744048.00.

Source : Equity Bulls


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