SME Times is powered by   
Search News
Just in:   • Healthy Monsoon forecast, global cues pushes equities higher  • ECLGS 2.0 now covers SMA-1 borrowers  • Forex reserves up by over $4 bn  • Honda Cars India to recall 77,954 units  • Industrial activity to continue despite surge: Haryana CM 
Last updated: 27 Sep, 2014  

Industry.9.Thmb.jpg New investments virtually on hold in India, finds survey

Investment In India
   Top Stories
» ECLGS 2.0 now covers SMA-1 borrowers
» Forex reserves up by over $4 bn
» Industry seeks reimposition of bankruptcy moratorium
» 'Govt should regulate cryptocurrencies, not ban them'
» Startups new champions of Aatmanirbhar Bharat: Goyal
SME Times News Bureau | 26 Jul, 2013
New investments are virtually on hold in India, with half of the companies queried about it indicating that they have no plans for major investments in the current financial year, a survey has revealed.

Sluggish economic growth and deceleration in production have made manufacturing companies tread cautiously, according to a survey jointly conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) and accountacy firm PricewaterhouseCoopers (PwC).

Some 73 percent of the surveyed companies believe that customer requirements and expectations have changed due to the global economic environment as well as the domestic slowdown.

Around 42 percent are planning service additions to their products in order to respond to frequently shifting and disparate customer preferences, while 76 percent firms said they were resorting to cost efficiencies to meet customer requirements.

“In an environment of sluggish economic growth, it is not surprising that the mood exhibited by companies is cautious. Encouragingly, however, it appears that the sector is using this period to realign the business models and prepare for the future,” Bimal Tanna, leader, industrial products, PwC India, said in the report.

The survey called “India Manufacturing Barometer” covered senior executives from different manufacturing sectors like auto ancillary, building and construction materials, capital goods, chemicals, engineering and metals. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 17 Apr, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Covid second wave: Lockdown or no lockdown(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter