SME's are critical for practically every country on Earth, but notably for those in developed countries and those facing substantial job issues and income inequality (OECD, 2017). Small and medium-sized enterprises (SMEs) benefit from the cheap cost and sustainability of their manufacturing. Generally, they employ less expensive local tools. Small firms benefit from cheaper production and operational costs as a result of decreased labor costs. Additionally, SMEs are ideal for custom manufacturing. The expansion of small and medium-sized companies results in increased supplies of produced items, which stimulates resource creation, develops indigenous entrepreneurial talent and skills, and generates jobs (Kumar, 2006). Small and medium-sized enterprises (SMEs) are an industry's kindergarten, driven mostly by individual inventiveness and invention (Kaul, 2019). According to the Development Commission of micro, small, and medium-sized enterprises, this sector has the largest amount of employment after agriculture. The enormous number of employees supplied by SMEs is critical to poverty reduction (OECD, 2004). The current study attempted to analyze the sustainability of Small and Medium-sized Manufacturing Engineering Enterprises (SMMEEs) in India using the Analytical Hierarchy Process (AHP) and identified priority indicators of sustainability with global priority weighting and Manufacturing Engineering enterprises' competitiveness in India.
Keywords:
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:Sustainability, Competitiveness, Analytical Hierarchy Process
References
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