Lack of brand building is hampering the growth of the engineering products industry in Govindpura, Madhya Pradesh. The industrialists do not have sufficient opportunities to promote the industry in the market.
Saudi Arabia is keen to promote commerce and investment with India, especially in Andhra Pradesh, Saudi Arabia's ambassador to India Saud Mohammed Al-Sati said, saying the oil-rich kingdom was "investing heavily" abroad.
Small to midsize engineering goods makers in India are exploring business opportunities in the Czech Republic, a member of the 27-nation EU block, to establish their footprint in that country and prepare the ground for future business breaks with other central and eastern European economies, according to a trade body.
India’s steel forgeries are reporting a 20-25 percent drop in export orders, primarily because of the economic crisis in Europe. The trade body representing engineering goods' exporters wants units to explore newer markets, like the US, which is faring better than the EU region, said an industry executive.
India's exports declined 4.16 percent in May to USD25.68 billion, as against USD26.79 billion in the corresponding month of 2011, official data showed. The imports also declined by 7.36 percent at USD41.9 billion as well.
In an exclusive interview with SupportBiz, S Vaithiyanathan, Managing Director of Chennai Tooling, tells us about the challenges of being a small business.The company started operations in the year 2006.