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Sunday, September 27, 1998

UP to boost small sector, end inspector raj
The Uttar Pradesh government has announced a comprehensive package to boost industrial activity. For financing and revival of the small sector, which comprises 3.4 lakh units in the state, special schemes -- Laghu Udyog Poshan Yojana and Laghu Udyog Punarjeevan Yojana—have been unveiled.

Africa emerging as a major market for Indian engineering goods
Indian engineering and electronic goods manufacturers are looking for fresh vistas with traditional export markets reaching a saturation point. Africa, which is emerging as a new export market, holds tremendous potential.

Forfaiting has few takers as limitations outweigh advantages
With increasing competition in the international market, it has become imperative for exporters to offer long credit periods to their buyers. Forfaiting, which allows an exporter a credit period up to a limit of seven years against 180 days allowed by the Reserve Bank of India, is being promoted by the authorities as a useful finance option.


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