Manufacturing Industry is an Essential Component of Global Economy!

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The economic growth of a country is increase in the market value of good & service produced by an economy over time. Economic development and growth influence by physical capital, human resources, natural resources and technology. Manufacturing sector is second aspect of global economy.

 Manufacturing Industries have higher employment and also promotes stronger inter-industry, firm productivity, innovation and technology.

The innovation found in the manufacturing industry has helped to increase economic productivity too, especially as we increase the use of automated systems and the Internet of Things. An increase in exports of India MANUFACTURED products is crucial to achieve the desired  growth rate in manufacturing.

The fortunes of the steel wire industry are closely linked to the fortunes of the primary steel Industry. with such a growth in the steel production, India is projected to be a net exporter of steel in the near future.

Raw materials, mainly wire rods, accounts for a major part of the cost of wires. But with the growth of steel industry, a number of companies have started producing mild steel wire rods like HB & HHB WIRE which increased the availability and better marketable terms for the wire industry.

Indian steel industry has generally been positive due to rising demand in steel. Steel Compared to other materials of the type has low production costs. The steel industry has developed new technologies and has struggled hard to make the world's strongest even better.



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Contact us:-0172-4625538, 8926415415

Mail on :- vishalindustries415@gmail.com

Address:- plot no.415 industrial area phase 2, Chandigarh, 160002 



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