Hotline: 1800 102 2007
X
Search Business Opportunities
2011-05-02

MSMEs confidence dips

The CII Business Confidence Index (BCI) for MSMEs, for the current quarter declined over the last quarter by a significant 3.1 percentage points.

The CII Business Confidence Index (BCI) for MSMEs, for the current quarter declined over the last quarter by a significant 3.1 percentage points.

The survey showed that inflation and the interest rates have proved to be difficult to contend with for all concerned and they could threaten plans to achieve the double digit growth.

Credit cost for working capital, capacity expansion and credit availability have registered a decline, as per the survey report.

The CII survey found the service sector to have convincingly outshined the Industrial sector with regard to, new orders / contracts, exports, capacity expansion and Net profit margin. Industrial sector has done well in gross sales and selling prices.

MSMEs in industrial sector also seem to be relatively less favorably placed in terms of credit availability and credit cost of working capital as compared to their counterparts in services sector, possibly highlighting the need for a policy intervention.

Commenting on the findings, CII's Deputy Director General, Gurpal Singh viewed that the first quarter for 2011-12 is going to be a crucial one for the Indian MSMEs as most of the policy actions taken by the government begin to take shape.

He added that India’s signing Comprehensive Economic Partnership Agreement (CEPA) with Japan and Comprehensive Economic Cooperation Agreement (CECA) with Malaysia should serve as the silver lining for cloud and have a positive impact on MSME sector's business sentiments. 

 

Related opportunities
  • About Us:    Maple Lawn International offers franchisees under the brand Maple..
    Locations looking for expansion Andhra pradesh
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Art, Craft, Antique & Framing
    About: Shilpa Suneja Designs is a venture of Incandescent Papers Pvt...
    Locations looking for expansion Delhi
    Establishment year 1977
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Punjabi Chaap Corner well known as PCC founded in..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Car wash / Ceramic Coating / Detailing
    About Us: WASH4SURE is Brand Name of Pragun Services Pvt. Ltd. ..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
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