Credit growth of around 25 per cent is required, FIEO
Hotline: 1800 102 2007
X
Search Business Opportunities
2010-02-15

Credit growth of around 25 per cent is required, FIEO

To sustain the growth-rate target of 8-9 per cent, a credit growth of around 25 per cent is required, said A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on

To sustain the growth-rate target of 8-9 per cent, a credit growth of around 25 per cent is required, said A Sakthivel, President, Federation of Indian Export Organisations (FIEO) while commenting on the 7.2 per cent growth estimated during 2009-2010 vis-à-vis the actual 6.7 per cent.

 

The present credit growth as per RBI data is less than 13.9 per cent and the revised target for this fiscal year set by the apex bank is 18 per cent, which is far from the need for the target growth.

 

Sakthivel explained that the MSME export sector would need tax breaks on investments in plant and machinery, R&D and income tax because of the effects of the economic crisis like higher government borrowing, lesser consumption and unemployment in the developed economies due to the economic crisis.

Related opportunities
  • HR & Recruitment
    About Us: SMVA Consultants is a MSME Certified. professional human resource..
    Locations looking for expansion West Bengal
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West Bengal
  • Quick Service Restaurants
    About: Slanz Café offers a value proposition for the end customer,..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us  Me, Waffle n More (MWM) is a quick service..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Entertainment & Leisure
    About Us: Started in 2017, IronHood fitness is a premium gym..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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

Free Advice - Ask Our Experts