Surat, a town in the state of Gujarat, India, is popular for its textile and diamond industry. Surat Municipal Corporation (SMC) has started the initiative of mentioning ‘Made in Surat’ and ‘Make in Surat’, to give the credit to the local traders and to gain the trust of the buyers.
The estimated household income of Surat will be 800 billion by 2018 and Surat’s contribution to the country’s GDP will notice a growth of 8.7% from 2015 to 2020. These figures are shared by Ernst & Young (EY) on ‘India’s growth paradigm’.
But, most importantly, to grow you need funds to invest in expansion of a unit, or increase production from a current setup. Towards this end, you can take a business loan in Surat from a bank or an NBFC. However, keep in mind, no financial institution will lend you money until and unless you meet their terms and conditions.
If you are working for the textile industry in Surat, whether manufacturing or exporting, you can be part of the success story. To do that, you need to create a clear-cut business plan, detailing the kind of growth you want to achieve - the resources, equipment and steps have to be clearly mentioned.
To read details about textiles manufacturing , click:
How to Grow Textile Manufacturing and Export Business in Surat
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.