Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-10-26

SMEs bullish on business in Oct-Dec quarter: CII survey

Business sees a downward turn

Exports prospects for SMEs have come down significantly from the last quarter. Appreciating Indian rupee against US dollar is further adding to the woes of the SME exporters. SMEs are more enthusiastic about domestic sales rather than exports, according to a new CII survey.

The CII SME survey, measuring confidence of SME sector for the Oct-Dec quarter, has showed bullish outlook of the sector, with the overall BCI (Business Confidence Index) standing at a high of 67 on a scale of 0-100.

On the prospects of credit availability for SMEs, the survey reports improved outlook, even though it continues to be far below to be stated as ‘most favourable’.even though it continues to be far below to be stated as ‘most favorable’.

On capacity expansion of SMEs in the quarter ending December, it cautioned with given upward pressure on interest rates, it may not be too long before credit cost starts adversely impacting the capacity expansion of this critical sector of the economy, warns the CII Survey.

Although, there is improvement of gross sales, new orders/contracts, capacity utilization, and capacity expansion – that have done exceptionally well to cross the mark of 75 on BCI scale to indicate significantly better outlook (more than 10%) from the previous quarter.

This, in turn, is also keeping the prospects of employment in the sector bright with its BCI standing at 73.6.

According to the survey participants, within SMEs, the industrial sector is expected to outshine the services sector with regard to gross sales, new orders/contracts, exports, selling prices and inventory levels. In most of the other respects, including credit availability and credit cost of working capital, however, industrial sector is found to be much lacking.

Related opportunities
  • Security Services
    About Us: V-Authenticate builds innovative security products that raise security standards..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Franchisees Invited Pune’s Fastest Growing Chain of Specialized Cuisine R..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Robotics & Technical Training
    IndiaFIRST® ROBOTICS - a name known for India’s First ever Modular robots..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 600
    Franchise Outlets 50-100
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Furniture/Home Decor & Furnishing
    About Us: Established in 1999, with a love for woodworking, Woodniture..
    Locations looking for expansion Delhi
    Establishment year 1999
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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