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Legislation on SMEs
As per the SMEDA Act, the SME definition includes enterprises in all economic sectors. In order to avoid detailed sector-specific criteria, turnover criteria is used across sectors i.e. no differentiation between services and manufacturing sectors has been made for small enterprises, and the thresholds for small manufacturing firms also reflect small service firms.
Medium-sized enterprises needs are defined separately from small-sized enterprises as those enterprises require different support measures and have other objectives. The former are generally more sophisticated by nature and level of technology, while small enterprises are usually characterised by their more ‘developmental’ level of operations.
- A Small Enterprise is defined as an enterprise which has an annual turnover of not more than 10 million MUR
- A Medium Enterprise is defined as an enterprise which has an annual turnover of more than 10 million MUR but not more than 50 million MUR
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Australia
June 1995
Australian Chamber of Commerce and Industry (ACCI)
Austria
September 2014
Austrian Federal Economic Chamber
China
April 1997
China Council for the Promotion of International Trade (CCPIT) - Beijing
China International Economic and Trade Arbitration Commission - Shanghai
November 1998
CCPIT Guangdong Sub-Council
September 2008
CCPIT Qingdao
May 2007
CCPIT Qingdao
Comores
April 2017
L´Union des Chambres de Commerce, d´Industrie et d´Agriculture
Djibouti
August 2008
Chamber of Commerce of Djibouti
Estonia
September 2015
Estonia Chamber of Commerce and Industry
France
September 1996
l’Assemblée des Chambres Françaises de Commerce et d’Industrie (ACFCI)
India
November 1985
Federation of Indian Chambers of Commerce and Industry (FICCI)
May 1996
Confederation of Indian Industry (CII)
June 1995
Tamil Nadu Chamber of Commerce and Industry
January 2004
India International Trade Center
May 2004
Seafood Exporters Association of India
October 2005
Seafood Exporters Association of India
Kenya
January 2011
The Kenya National Chamber of Commerce and Industry (KNCCI)
Madagascar
November 2004
Fédération des Chambres de Commerce, d’Industrie, d’Artisanat et d’Agriculture de Madagascar
Malaysia
August 1994
The National Chamber of Commerce and Industry of Malaysia
June 2005
Malaysian Associated Indian Chambers of Commerce and Industry
Mozambique
September 2012
Chamber of Commerce of Mozambique
Nigeria
June 2019
Nigeria Association of Chambers of Commerce and Industry, Mines and Agriculture
Pakistan
October 2004
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Réunion
June 1995
Chambre of Commerce and d’Industrie de la Réunion
March 2002
L’Association pour le Développement Industriel de la Réunion
Russia
May 2007
Chamber of Commerce and Industry of the Russian Federation
Seychelles
November 2005
Seychelles Chamber of Commerce and Industry
April 2014
Seychelles Chamber of Commerce and Industry
Slovakia
September 2018
Slovak Chamber of Commerce and Industry (SCCI)
South Africa
September 2016
South African Chamber of Commerce and Industry
Sri Lanka
May 2004
National Chamber of Commerce of Sri Lanka
Taiwan
September 2017
Taiwan External Trade Development Council
Tanzania
January 2011
The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA)
Thailand
August 2004
The Federation of Thai Industries (F.T.I)
February 2013
TUSKON
Turkey
August 2014
DEIK (Foreign Economic Relations Board)
TOBB (The Union of Chambers and Commodity Exchanges of Turkey)
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