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 encourage the business environment.
The Federation of Indian Export Organizations (FIEO) is looking for fiscal and non-fiscal support from the Finance Ministry, especially for export markets, which have suffered the most during the global economic crisis. The association wants to increase the sector’s competitiveness at a global level while helping SMEs recover from losses and regain confidence.
The talking points of the President of FIEO A. Sakthivel with the Commerce Minister are detailed at
The Federation of Indian Export Organizations (FIEO) welcomed a 2 percent special market linked focus benefit for garments and leathers. The move is expected to provide a greater degree of competitiveness to Indian exports in apparel and leather sector.
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