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The share of small and medium enterprises (SMEs) in India's gross domestic product (GDP) is likely to go up to 22% by 2012, according to an industry lobby report, reports The Economic Times.

The Associated Chambers of Commerce and Industry of India (Assocham) said in the study that the SME sector was upgrading itself technologically. Over 3.2 million SME units are spread across the country, producing around 7 500 items and providing employment to nearly 400 million people.

But Assocham president Sajjan Jindal said: "SMEs are still neglected by banks and financial institutions, mostly in the private sector domain. The public sector banks in India are the only hopes for SMEs."

Software company, Elegant MicroWeb, has signed an agreement with SME systems integrator, CCAT to enter the Hong Kong market with it corporate performance management and Business Intelligence suite, ElegantJ BI, says PR-usa.

The partnership is geared towards increasing the local presence of ElegantJ BI and offering practical and affordable BI option to SMEs in the region.

ElegantJ BI is a solution that helps organisations integrate business processes to plan, monitor, analyse, direct and improve performance and provides a portfolio of BI capabilities to allow organisations to consolidate quality information.

ReCellular has been selected for the 2008 Best of Dexter award in the recycling centres category by the US Local Business Association (USLBA), reports PRweb.

The USLBA Best of Local Business Award programme recognises SMEs throughout the country that they believe have achieved exceptional marketing success in their local community and business category.

ReCellular pioneered the wireless recycling industry, as the first enterprise dedicated to the emerging cellphone market, and it currently collects four million phones per year through corporate, charitable and grassroots collections programmes.