Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Manufacturing & Ancillary
    About Us: Laundry| Dry Cleaning| Garment| Textile processing machinery manufacturer, OEN..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Kharya’s Brijwasi sweetshop cum restaurant chain started with an..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 750
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Express Food Joints / Drive Through
    About Us:  Daalchini is a startup by ex-Paytm, ex-Jio senior team, Prerna Kalra..
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required 08
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Quick Service Restaurants
    About Us: Established in August 2015, Hashtag Foods is a headed..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi New 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