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2011 India May Increase Export and Output by 20％~50％

2011-01-27

Due to continuous increase of market demands, Indian fastener manufactures will swell fastener output in 2011. Many Indian fastener enterprises indicate that fastener output and export would extend by over 20% in 2011, even sharply reach 50%, released by some enterprises. India’s fastener industry also, at the same time, faces the severest challenge. The rising cost of steel materials leads to the profit compression, and this is the most serious. Moreover, the shortage of electric power supply is another great challenge. Over 150 Indian high strength fastener manufactures, to solve the above predicaments, plan to enlarge plant area, introduce new equipment, expand product sorts and promote R&D abilities by means of building joint ventures.