Source: YantraBazaar.com
http://yantrabazaar.com/et0107yb10201869TopStories03metal13102.aspx
The metal transportation market in India is primarily driven by the manufacturing and infrastructure sectors. With both these witnessing impressive growth in the past few years, the consumption of metals, and thereby, revenues for the transportation of metals, have risen steadily. The prospects for the market will get brighter over the next five years, buoyed by several government initiatives in the infrastructure sector, and an expected early revival in the manufacturing sector.
New analysis from Frost & Sullivan, Strategic Analysis of Metal Transportation Market in India, finds that transportable metal production volume in India stood at about 50 million tons in 2008, and expects this to reach nearly 79 million tons in 2014.
“Government policies supporting growth of infrastructure sector through schemes and packages are likely to drive growth of metal industry,” says Frost & Sullivan Research Analyst Aneet Bansal. “In December 2008, as part of a multi-billion-dollar package for the infrastructure sector, the government declared a 4 percent reduction in central excise duty on steel products, a step that is likely to have a significant effect on the industry.” …..
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