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CII Business outlook survey

02
Apr '07
The 19th Confederation of Indian Industry (CII) business outlook survey (1st in the 2007 series) on policy impact and Future Scenario for Micro, Small and medium enterprises during December 2006 - March 2007 aims to capture in a nutshell the general prevailing mood in the MSME sector, while attempting to visualize the future of the Indian enterprises and prioritizing key policy initiatives.

An analysis of the survey findings revealed that 49% respondents are optimistic about simplification of labour laws is the key to enable the repositioning of the Indian Small Industry in the changing global scenario, 33% expect regulatory changes (FDI norms, VAT implementation and indirect tax structure) is required, while 29% respondents feel that transition from SSIs to SMEs would enable the repositioning of the Indian Small Industry.

THREE important financial obstacles to the growth and operation of the Small Industry, as revealed by the survey are:
• High Interest rates
• Collaterel requirements of banks/Financial institutions
• Bank Paperwork/bureaucracy

The survey findings further revealed that 35% respondents feel that Small and Medium Industry are still struggling to find its feet on ground in next one year and 39% of respondents expect to graduate small industry to medium industry by 2010 and 38% respondents foresee a positive shift in the business situation in the country over the next five to ten year period.

According to the CII Business outlook survey, 72% respondents do not agree for raising the FDI limit in MSME sector whereas only 26% respondents suggest raising the FDI limit in MSME sector.


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