Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2009-12-17

92% of Indian SMEs confident of increased business

A study conducted by Synovate Business Consulting in association with Alibaba.com revealed that 92% of Indian SMEs expects increased revenues in 2010. More than half i.e. 56% of Indian SMEs are highly

A study conducted by Synovate Business Consulting in association with Alibaba.com revealed that 92% of Indian SMEs expects increased revenues in 2010. More than half i.e. 56% of Indian SMEs are highly optimistic that 2010 will be better in terms of overall business activity and profitability of their industry. Also, nearly 58% believe that 2010 will be better for the performance and profitability of their own businesses.

 

The report also reveals that, SMEs have benefited from globalization as they have been exposed to larger markets and better standards. 73% of SMEs in the Engineering Goods industry and 71% of SMEs in the Food Processing industry believe opportunities to enhance scope of business and efficiencies in technology and operations are the key advantages that have accrued to SMEs due to globalization. The US is the leading country with which most Indian SMEs do export business followed by Germany, UK, Singapore, UAE and Saudi Arabia.

 

The survey included 500 SMEs spread across the length and breadth of the nation and from various sectors. “The survey also shed some light on the unique challenges that various industries face. This should help Alibaba.com in improving our services to Indian customers,” said Brian Wong, Head of Global Sales, Alibaba.com.

Related opportunities
  • Others Food Service
    Witness the Quick Service Restaurants growth with Chicago Delight, Start..
    Locations looking for expansion Haryana
    Establishment year 1999
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 400 to 1000sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater kurukshetra Haryana
  • About:Crossbye Started one year back in 2016.Firm started by a team..
    Locations looking for expansion Chandigarh
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater chandigarh Chandigarh
  • Ice creams & Yogurt Parlors
    About: Berrylicious is a fast growing chain of ice cream parlors..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100 - 600 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Want to start your own preschool with different approach? HPS..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 3000 - 6000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Secunderabad Andhra Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities