Tag Archive: stainless

Indian Economic Growth with Stainless Steel Manufacturing Industry

There are various reasons that have lead to India’s economic growth. According to various studies and analysis done on this domain it has been projected that the future of the economic boom pattern in India which is clearly visible lies on the nature of its manufacturing sector which includes the Stainless Steel manufacturing company.

There is a possibility that the growth rate of Indian economy rises from 8-9% per annum in the coming decades. This growth pattern would definitely generate jobs for the skilled and the unskilled labors in the next couple of decades. To maintain a consistent growth rate it very important for the manufacturing sector to develop at 14-15% per annum on a regular basis.

The Indian based Stainless Steel manufacturer and the Stainless Steel Exporters in India have now started extending their industrial branches in other countries. According to the recent developments many Stainless Steel manufacturers such as SAIL and other such companies have extended their base of operation to Afghanistan.

These developments give a clear picture as to the various activities of the Indian Stainless Steel manufacturer. It can be clearly seen that the Stainless Steel Exporters in India are increasing its resources by stretching towards Afghanistan.

The National Manufacturing Policy (NMP) formulated by the Indian government has aimed to increase the share of the Indian manufacturing industries from 16% to 25% by 2021-22 and create additional employment opportunities in the steel industry.

This implies that the manufacturing sector must grow at rates of 16% per annum on a sustained basis between 2012-13 and 2022-23. Taking into account the steel industry, the stainless steel manufacturers have categorically divided their operations and channelized their plans by further elaborating their domain of expertise. One such domain is the manufacturing of the Stainless Steel Sheets.

There has been an acute growth in the Stainless Steel Exporters in India and Stainless Steel Sheet Suppliers. It’s being projected that the quality standards and the price levels would be far better then that of its European and American counterparts. As more awareness is developing, more and more manufacturers are trying to incorporate the use of latest technologies and equipments to survive in this cut throat competition.

There is an array of hope that in the years to come stainless steel manufacturers will ensure that it learns from their experiences and improve their overall positioning in the global market platform.

There has been an acute rise in the steel imports into the U.S which has risen by 18.8% during the first quarter of 2012 mainly due to the increasing demand from the automobile and manufacturing industries established there.