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

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 trillion economy and a rapid 7 % + of GDP GDP growth rate

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)

Fastener Business in India With up to 1500 Companies in the Industry • Global fasteners exporters from India: Sundaram, Sterling, GS Auto, Simmon onds-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 Easy availability of raw Rapidly expanding logistic ISO & OHSAS Certification o o o materials at low rates sector Deming Prize winners o Steel prices @ ~$590/MT Digitisation of Legal o o TQM o against high prices of US & Processes EU @ ~$820 & 650/MT CSR & Anti-dumping o Supportive Foreign Trade o respectively Policy framework policies Abundant skilled o manpower

Trade Benefits through Policy & Global ties

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 others, 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 –

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 –

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.

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