Configuring NFS to access the files from remote Linux machine as a mount point

I have a 2Tb of storage on a linux box, and i want to use that storage as a mount point from another machine.
As a root user on the remote machine, specify the mount point details
$cat /etc/exports
/scratch *(rw)
/fusionapps *(rw,no_root_squash)
And restart the NFS
sudo /etc/rc.d/init.d/nfs restart (All services should be in  running condition)
sudo /etc/rc.d/init.d/nfs status (All services should be  in running condition)
And on the local machine, perfrom the following steps
1. Create the stage dir under / as a root user and assign 777 permissions
2. Ad the entry to /etc/fstab file
slcai664.us.oracle.com:/fusionapps /stage nfs rw,hard,nointr,rsize=131072,wsize=131072,timeo=600,noacl,noatime,nodiratime,lock 0 0
3. Then try “mount -a”
If there are any mount point issues, say even as root user, you are not able to modify the files

Unable to mount Read-Only file System

then use