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2009-12-29

Exports from MSMEs still growing

Exports from micro, small and medium enterprises (MSME) are growing despite the high costs of raw materials, tough price competition and difficult global markets

Exports from MSMEs still growing

Exports from micro, small and medium enterprises (MSME) are growing despite the high costs of raw materials, tough price competition and difficult global markets. It was revealed in a survey conducted by Confederation of Indian Industry (CII) that 42 per cent exporters recorded a rise in volumes during the first half of FY10 while about 50 per cent saw an increase in volumes in the second half. It is said that 56 per cent of exporters expect a rise in dollar terms in exports while 42 per cent forsee a decline.

The top five regions for exports by Indian MSMEs are Europe, North America, South-east Asia, the Middle East and the Far East

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