Impact of the slowdown...
“Companies will emerge
well-organised and strong
in manufacturing systems”
In any economic slowdown or recession, the first sector to be negatively impacted is the capital goods sector. Machine tools being capital goods, the impact was felt much before the recession started setting in. As the capital expenditure was put on hold, the sale of machine tools dropped drastically in the last quarter of the financial year 2008-09. Sales have remained subdued till this date. The dispatches have dropped down to around 65 per cent among various manufacturers in India.
C S Shivashankaraiah,
managing director,
Trishul
Machine Tools Pvt Ltd