The Indian primary steel industry has witnessed a sharp reboundfrom the second half of fiscal 2021despite the challenges posed by the Covid-19 pandemic. While the pandemic-related risks persist, sector analysts at CRISIL Ratingsbelievegrowth momentum for the steel industry could sustain in FY2022. This would help steel makers fortify balance sheets even as they continue to...
We definitely believe that India is a hot spot for global players. The country has seen an influx of large scale manufacturing projects in the last couple of years, thus opening avenues for global players mostly in the automotive, industrial and construction equipment, metals industries as well as IT services industry.
Sajjan Jindal, Chairman and Managing Director of JSW Steel informed that the firm would begin production at its upcoming 2.3 million tonne plant in Bellary, Karnataka from December 2013. The company is setting up the plant specifically for the auto-industry and it would produce high-grade automotive steel
Low penetration of automation and processes in the largely unorganised sector is a setback for logistics in India. Efficiencies through better infrastructure and statutory conditions would help unshackle the sectorÂ’s economic potential significantly, writes Thomas Tieber.