The All India Association of Industry is a local organization of businesses and companies in Mumbai with the intention to develop and further the interests of local companies and businesses in India. Many businesses are international operating companies with offices in India. Established in 1956 in Mumbai, the commercial capital of the country by Shri Babubhai M. Chinai, M.P. The AIAI has over 1500 members and through its affiliates it represents over 50,000 industries. Nearly 70 percent of its members are from the SME sector. With sweeping changes brought about by rapid globalization, mergers and takeovers having become the order of the day, with new challenges for industry to a large extent AIAI meets the requirement of SMEs in this process