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Biz2Credit Advisor The ambassador of Paraguay sent out a message encouraging Indian small businesses to explore opportunities in Paraguay. With the signing of the Preferential Trade Agreement (PTA) newer markets have opened up for both countries and their businesses, Ambassador Genaro Vicente Pappalardo told the SME Times. ...
TAGS Tags: Indian small businesses, Paraguay, Preferential Trade Agreement (PTA)
CATEGORIES Small Business News, Small Business Trade
The Federation of Indian Export Organizations (FIEO) President, A Sakthivel, expressed concern that while bank loans have risen, the overall credit flow is slow in coming to MSMEs. Banks are freeing up credit for mortgages and consumer loans, but less so for industry and MSME export sector, said Sakthivel. He said that banks must provide more credit to MSMEs to ...
The textile ministry is seeking an additional Rs 1,900 crore under the Technology Upgradation Fund Scheme (TUFS). This follows the release of Rs 1,100 crore in the first quarter of 2009 by the ministry. TUFS, introduced in April 1999, aims to resolve technological obsolescence and improve economies of scale. ...
TAGS Tags: Technology Upgradation Fund Scheme (TUFS), textile ministry
CATEGORIES Small Business News
The Indian small scale industry (SSI) export share has declined since 2003-04,according to a study by the Institute of Small Enterprises and Development.according to a study by the Institute of Small Enterprises and Development. The SSI share in overall exports has been approximately 34 percent since 1991. The study underlined the need for a special relief ...
A $60 million trade fund will allow the Export-Import Bank of India to give short-term trade support to small and medium enterprises (SMEs). The fund will be equally shared by the International Finance Corporation (IFC) and Bank of Tokyo-Mitsubishi UFJ. Exim Bank will provide competitive trade financing for India’s export sector, especially SMEs that suffered from reduced access to foreign-currency ...
