Why do business with Indian Fastener Industry? Indian Economy - - PowerPoint PPT Presentation

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Apr 09, 2024 334 likes •445 views

Why do business with Indian Fastener Industry? Indian Economy Worlds 6 th largest Manufacturing Increased FDI Total exports economy with Sector with $33.5 for FY18-19 - GDP value of $2.716 contributes 27% billion in 2018 $331 Billion

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Why do business with Indian Fastener Industry?

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Indian Economy

Worlds 6th largest economy with GDP value of $2.716 trillion economy and a rapid 7 % + GDP growth rate Manufacturing Sector contributes 27%

f GDP

Increased FDI with $33.5 billion in 2018 Total exports for FY18-19 - $331 Billion

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Indian Fastener & Steel Industry

Indian fastener sector is expected to reach 640 million by

y 2023 growing at a CAGR of around 9.6 %.

Increasing Automotive, Aerospace, Infrastructure and other sectors

provide boost to the fastener industry

1.2 % share in the Global Market
India’s crude steel and finished steel production increased to 103.13

MT and 104.98 (Million Tonnes) MT in 2017-18 18

Country’s finished steel exports increased 17 % year-on-year to 9.62

million tonnes (MT)

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Fastener Business in India

With up to 1500 Companies in the Industry
Global fasteners exporters from India: Sundaram, Sterling, GS Auto, Simmon
nds-Marsh

shall, Sky Indust stries

Evaluation of Indian fastener supplies :

P R O D U C T Q U A L I T Y P R I C E S P R O C E S S

ISO & OHSAS Certification
Deming Prize winners
TQM
CSR & Anti-dumping

policies

Easy availability of raw

materials at low rates

Steel prices @ ~$590/MT

against high prices of US & EU @ ~$820 & 650/MT respectively

Abundant skilled

manpower

Rapidly expanding logistic

sector

Digitisation of Legal

Processes

Supportive Foreign Trade

Policy framework

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Trade Benefits through Policy & Global ties

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New Foreign Trade policy

cy – Authorised Economic Operator (AEO) Programme, Merchandise exports from India Scheme (MIES) Mutual Recognition Agreements (MRA) with countries like Taiwan and

thers,
FAI – Fastener Association of India with hundreds of manufacturers as members and encouraging

standardized product manufacturing

National Steel policy - 2017
Trade Agreements with EU
Alliance & Regional Co-operations making trading more seamless

– ASEAN – SAARC – BIMSTEC

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India a stable global partner

India a stable global partner amid the rising global issues & trade wars - UN

and TOI suggested – Sino – US trade war increases vulnerability in prices, policies & quality for your fasteners with tariffs up to 25%

China & US countries imposing retaliatory tariffs, the trade war is

unlikely to cease – Decreasing economic growth of EU countries

Free export policy & E- governance policies of India facilitate your business

with: – Faster delivery – Easy documentation with e-fillings – Pre-shipment quality checks – Making your imports Economic, Efficient and Qualitative

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Conclusion – India the right choice for your fastener business

Positively growing economy
Supportive Political reforms
Seamlessly growing global relations & trade
Fostering domestic environment for Fastener Industry

– Global player in Steel market – Increasing Automotive & Aerospace sector – Technological advancements and CSR Good quality, lower rates & efficient delivery makes Indian fastener industry a holistically excellent choice for fasteners businesses around the world.

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+91 98256 33229 info@phronesis.co.in Phronesis.co.in Ahmedabad, Gujarat, India.