NEW DELHI: Indian entrepreneurs are increasingly looking to expand into the Middle East as small businesses in India seek to make the most of their strong growth trajectory.
The country boasts around 63 million micro, small and medium enterprises, up from 47.7 million in July 2024, latest government data shows. The sector contributes to some 30 percent of India’s GDP and 45 percent of its exports.
Amid the boom, Indian entrepreneurs seeking to scale up their businesses are now eyeing collaborations across various sectors with their counterparts in the Middle East.
“We are working with, at present, with … Bahrain, you know, Qatar, UAE, Saudi Arabia, by attending various exhibitions, fairs organized by these countries. We are taking world-class Indian MSME delegations to these countries, hundreds of MSMEs, for (business) matchmaking,” Vijay Kumar, director general of the World Association for Small and Medium Enterprises, told Arab News at the 2025 MSME Day in New Delhi.
He added he was particularly optimistic about the potential for growth for Indian businesses and their counterparts in Saudi Arabia, saying that they were already collaborating.
