Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2009-10-15

South Indian SMEs on the path of recovery

Recession has brought about a change in the mindset of Indian SMEs and MSMEs towards equity partnerships and consolidation within the industry. Companies have decided to come together for better resul

Recession has brought about a change in the mindset of Indian SMEs and MSMEs towards equity partnerships and consolidation within the industry. Companies have decided to come together for better results and mutual gains.

 

For example, in Chennai a group of five SMEs — CI.com, Tycons, Shrim Soft, Fifth Generation and Blue Shift — is planning to float a new company. Penguin Engineers, a packaging equipment company, has entered into collaboration with an Italian company.

 

According to the Coimbatore District Small Industries Association (CODISSIA), this is a promising move as it will help the SMEs in South India to lower their debt burden, arrange refinancing facilities and compete with big players.

 

The Government of India (GoI) has also joined the efforts of the SMEs to combat recession. It has approved a financial aid of Rs 4,000 crore. The Confederation of Indian Industry (CII) is planning to launch 15 new clusters across the southern states in 2009.

 

CODISSIA has built a trade fair complex, while the Coimbatore Industrial Infrastructure Association (COINDIA) has set up a research centre, a foundry complex, a modern tool room and a business centre to provide infrastructure facilities to the South India-based SMEs and MSMEs.

 

 

 

Related opportunities
  • Home Furnishings
    About Us: Marshalls - India's No. 1 in Wall coverings since 1975 brings..
    Locations looking for expansion Maharashtra
    Establishment year 1975
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Mens Wear
    About Us : The company is in the clothing business since..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: Green Salute is a novel concept designed to allow..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Quick Service Restaurants
    About Us: Wrap It Up, Headquartered in the United Kingdom is..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2006
    Investment size Rs. 30lac - 50lac
    Space required 400
    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