Hotline: 1800 102 2007
X
Search Business Opportunities
2014-06-10

MSMEs in east India performing well: CRISIL

The performance of 393 MSMEs in Eastern India has been analysed by CRISIL. According to CRISIL, the average sales of these MSMEs increased to Rs 1,491. 11 lakh in 2012-13 from Rs 1,007.59 lakh in 2010-11 (refers to financial year, April 1 to March 31). The compound annual growth rate (CAGR) of 21.65 per cent is on a par with the growth rate of 5,890 CRISIL-rated MSMEs across India, which in turn showed a CAGR of 22.02 per cent, with average sales growing to Rs 2,243.43 lakh in 2012-13 from Rs 1,506.83 lakh in 2010-11.

The performance of 393 MSMEs in Eastern India has been analysed by CRISIL. According to CRISIL, the average sales of these MSMEs increased to Rs 1,491. 11 lakh in 2012-13 from Rs 1,007.59 lakh in 2010-11 (refers to financial year, April 1 to March 31). The compound annual growth rate (CAGR) of 21.65 per cent is on a par with the growth rate of 5,890 CRISIL-rated MSMEs across India, which in turn showed a CAGR of 22.02 per cent, with average sales growing to Rs 2,243.43 lakh in 2012-13 from Rs 1,506.83 lakh in 2010-11.

 

The key drivers for growth in east India are the FMCGs and agro-processing sectors, which showed a growth rate of 27 per cent and 26 per cent respectively in the analysis period, outpacing the 22.02 per cent growth of MSMEs across India as well as the 21.65 per cent growth of their peers across various sectors in east India.

 

The other main performers from east India include textiles (20 per cent), steel and electrical goods (15 per cent each), and engineering/capital goods (13 per cent). The availability of affordable credit and a pro-MSME government policy focused on this region remain critical for the area's MSMEs to maintain their growth momentum.

Related opportunities
  • Quick Service Restaurants
    About:Baba Da Dhaba is a brand that serves lip-smacking North..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 350 - 12 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Quick Service Restaurants
    About Us: Café 2.o is café from Mumbai known for its..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Gyms and Fitness Centres
    About Us: As an introduction, Plus Fittness is an award winning,..
    Locations looking for expansion Maharashtra
    Establishment year 1996
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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