CRISIL study: 24 per cent growth in fixed assets of MSMEs
Updated: Mar 31, 2015 12:46:51pm
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)