A $60 million trade fund will allow the Export-Import Bank of India to give short-term trade support to small and medium enterprises (SMEs). The fund will be equally shared by the International Finance Corporation (IFC) and Bank of Tokyo-Mitsubishi UFJ.
Exim Bank will provide competitive trade financing for India’s export sector, especially SMEs that suffered from reduced access to foreign-currency financing in the current economic crisis.
SMEs are small businesses, in their early stage of growth. They exercise little or less control over markets. They, during initial years, have to struggle with cash flow management leading to squeezed reserves and labor shortages which implies high wage costs. A rise in inflation...
The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs ...
