2010-06-04

Exports rise: SMEs to benefit

Exports to rise

Exports rise: SMEs to benefit

 

The Indian exports have risen by 36.2 per cent to USD 16.8 billion in April 2010, despite the threat of the European debt crisis, thereby, marking a growth in exports for the sixth consecutive month.

 

The Indian exports had dropped by 30 per cent to USD 12.4 billion in April last year causing a lot of trouble for  small exporters in particular .The exports have increased on the back of surging demands for gem and jewelry, textile, in the overseas market.

 

The gem and jewelry and the textile markets are largely dominated by the SMEs and the rise in exports have spelt good news for the sector. But the Eurozone crisis has become a matter of grave worry for these small exporters.

 

Mr.Parekh,Chairman (Eastern Region) of Gem and Jewellery Export Promotion Council said that the crisis could have affected their exports but they had foreseen this possibility long ago and undertook precautionary measures that did not let it affect them as badly as the global meltdown  had. He said that post the recession, he had shifted focus from the key western markets like the US to the Soviet Union, Middle Eastern countries like Uzbekistan, Kazakhstan and some European countries. Gulf countries are lucrative markets and they are hopeful of their exports remaining constant.

 

If the export conditions remain constant then the Indian exports could touch the government predicted target of USD 200 billion in 2010.

Related opportunities
  • Diamond & Platinum Wears
    About us  JS Solitaire is a renowned diamond jewelry brand with..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2025
    Investment size Rs. 5 Cr. above
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • About Us Technoglobe (TECHNOGLOBE IT SOLUTIONS PRIVATE LIMITED), a flagship of..
    Locations looking for expansion Rajasthan
    Establishment year 2001
    Franchising Launch Date 2020
    Investment size Rs. 10lakh - 20lakh
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Precious Jewellery
    T T Devassy Jewellery: A Legacy of Purity & Excellence Our..
    Locations looking for expansion Kerala
    Establishment year 1941
    Franchising Launch Date 2025
    Investment size Rs. 5 Cr. above
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater kunnamkulam Kerala
  • Precious Jewellery
    About Us Indriya (ADITYA BIRLA GROUP) is positioned as a premium..
    Locations looking for expansion Haryana
    Establishment year 2024
    Franchising Launch Date 2025
    Investment size Rs. 5 Cr. above
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
;
ads ads ads ads