Interviews
CII Business outlook survey
02 Apr '07
3 min read
The poll findings further revealed that 83% respondents of Small and Medium Industry foresee the dominant role of non traditional source of finance substituting the traditional (banking) sources.
On the credit Guarantee front, 49% respondents see the credit guarantee fund launched by SIDBI with an initial corpus of Rs 125 crore for guarantee loans upto Rs 25 lakhs as a substitute for collateral security while 80% respondents expect the limit of Rs 25 lakhs is not sufficient on this.
On the innovation front 37% of the surveyed respondents feel that transformative change and quantum improvement in the organizational skills and capabilities of MSME will impact innovation strategy across the country.
As per business outlook survey, 39% of respondents suggest the policy of reservation for the small industry in its present form providing the right to manufacture reserved items only for MSME while including the majority of items list for trading where as 24% are not sure about it.
Proactively, the CII National SME Forum had adapted the theme for the current year 2006-07 as “Competitiveness for Sustainable and Inclusive growth of the Indian SMEs." With the goal- over a five year cycle - to move the Indian SMEs among developed group of SMEs around the globe, the CII National SME Forum is focusing on development of competitive policy framework and adopting best practices.
The CII 19th Business outlook survey for MSME covers a broad spectrum of industry groups and activities of the Micro, small and medium industry members all over the country.
On the credit Guarantee front, 49% respondents see the credit guarantee fund launched by SIDBI with an initial corpus of Rs 125 crore for guarantee loans upto Rs 25 lakhs as a substitute for collateral security while 80% respondents expect the limit of Rs 25 lakhs is not sufficient on this.
On the innovation front 37% of the surveyed respondents feel that transformative change and quantum improvement in the organizational skills and capabilities of MSME will impact innovation strategy across the country.
As per business outlook survey, 39% of respondents suggest the policy of reservation for the small industry in its present form providing the right to manufacture reserved items only for MSME while including the majority of items list for trading where as 24% are not sure about it.
Proactively, the CII National SME Forum had adapted the theme for the current year 2006-07 as “Competitiveness for Sustainable and Inclusive growth of the Indian SMEs." With the goal- over a five year cycle - to move the Indian SMEs among developed group of SMEs around the globe, the CII National SME Forum is focusing on development of competitive policy framework and adopting best practices.
The CII 19th Business outlook survey for MSME covers a broad spectrum of industry groups and activities of the Micro, small and medium industry members all over the country.
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