(MENAFN- KNN India) Rating the micro, small and medium enterprises (MSMEs) on the basis of their financials for 2013-14 (financial year April 1 to March 31), CRISIL (Credit Rating Information Services of India Ltd.), a global analytical company providing ratings, research, and risk and policy advisory services, has analysed an average growth of 24 per cent in their fixed assets.
The study was done amongst 2185 MSMEs and it showed that they are poised for growth in the next three years.
MSMEs in auto ancillary and components led with the highest growth in fixed assets of 29 per cent, followed by textiles at 26 per cent, engineering and capital goods at 23 per cent, electrical and electronics components grew at 17 per cent and of those in steel and allied products at 11 per cent.
The study shows the investments these MSMEs have made in the capacity addition and upgradation, forecasting better prospects for growth in the next one to three years. (KNN/SS)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.