2010-01-05

Growth in export from MSME expected: CII

Despite the rising cost of raw materials, difficult global markets and stiff international competition exports from the micro, small and medium (MSME) sector is expected to rise during the remaining m

Growth in export from MSME expected: CII

Despite the rising cost of raw materials, difficult global markets and stiff international competition exports from the micro, small and medium (MSME) sector is expected to rise during the remaining months of the fiscal 2009-10, according to CII's (Confederation of Indian Industry) MSME Outlook Survey.

 

The survey registered an increase in the volume of export of 42 per cent respondents, while 9 per cent said there was no change and another 49 per cent revealed decline.

 

Regarding the volume of export over the next six months of the fiscal, 50 per cent respondents expect to see an increase in their export volumes, 15 per cent expect no change while 35 per cent expect a decline.

 

According to CII, hurdles in export growth over the next six months for the MSMEs could be the rising cost of raw material, international competition, price competitiveness and the delays in payments.

 

Europe, North America, South East Asia, Middle East Asia and Far East Asia are the best markets for the domestic MSMEs and the major growth is expected in the European and North American markets.

 

They survey also found that 40 per cent of the respondents had not availed of the benefit of the interest rate subvention, as proposed by Reserve Bank of India in the economic stimulus package for the SMEs. However, 36 per cent had availed of the benefits, while 24 per cent were not even aware of it.

Related opportunities
  • Other Vocational Training
    Overview TDII is a Toronto-based dessert brand specializing in high-quality Asian-inspired..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2025
    Investment size Rs. 30lakh - 50lakh
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Kitchen
    Tidymart (BRS Detergent Shop), founded in 2020 by Ayothi Mani,..
    Locations looking for expansion Tamil nadu
    Establishment year 2020
    Franchising Launch Date 2024
    Investment size Rs. 5lakh - 10lakh
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil nadu
  • HR & Recruitment
    ..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lakh
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    Bagelstein: A Fresh Take on the Bagel Bagelstein, a French bagel..
    Locations looking for expansion Haryana
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 30lakh - 50lakh
    Space required 500
    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