Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Rising Consumption of Steel and Aluminium in the Infrastructure and Manufacturing Sectors Drive Metal Transportation Markets in India - The metal transportation market in India is primarily driven by the manufacturing and infrastructure sectors
Rising Consumption of Steel and Aluminium in the Infrastructure and Manufacturing Sectors Drive Metal Transportation Markets in India

 

PRZOOM - /newswire/ - Mumbai, India, 2009/07/29 - The metal transportation market in India is primarily driven by the manufacturing and infrastructure sectors.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

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 (automotive.frost.com), 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.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Ravinder Kaur/ Amrita Nandi, Corporate Communications, at ravinder.kaur[.]frost.com/ amritan[.]frost.com with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

A total of 194 Memoranda of Understanding have been signed by various state governments with steel manufacturers for a total planned capacity of about 243 million.

"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."

Moreover, the availability of huge reserves of raw materials, such as iron ore and bauxite, and skilled labor at low-wage rates puts the Indian metal industry in a better competitive position on the global market, opening up new markets and eventually driving the metal transportation market.

However, the dependence on imports of key ingredients used in metals manufacturing will restrain the growth of the metal industry and its transportation. The lack of domestic availability of key ingredients, such as coking coal, needed for the manufacturing of steel and aluminium, forces the industry to depend on imports, which often neutralizes the advantage of high indigenous reserves of ore.

"The Government has announced initiatives to promote R&D in iron and steel sector to help develop better products, improve the manufacturing process, and attain self sufficiency," notes Bansal. "The recent 'Scheme for promotion of R&D in the Iron and Steel Sector' and the approval of the Steel Technology Centre at IIT, Kharagpur, are definitely positive developments with regard to the industry's prospects in the next few years."

Already, the Centre for Monitoring Indian Economy (CMIE) reports that most metal companies will show improvement in key profitability beyond Q3 2009 and aluminium production too will grow by 10.7 percent in FY10, based on the demand from the electrical power equipment and construction sectors. This bodes well for the evolution of the metal transportation industry.

In most cases, road transport is used in conjunction with railways to transport metals. While road transportation provides important end-to-end connectivity for moving crude and finished metals, rail offers advantages in terms of speed, cost, and safety of transportation. Currently, about two-thirds of the metal transportation in India is by road, but this is expected to decline as the planned 'Dedicated Freight Corridors' of railways become operational.

Most metal manufacturers do not own their fleet and depend on commercial vehicles for transportation. This sector is highly unorganized at present and has a very low penetration of tracking systems. With significant participants such as TATA Steel asking for tracking solutions for its freight, the rest of the market is likely to follow. As the economy stabilizes, increasing investments will boost quality consciousness and help the metal transportation sector become more organized.

Strategic Analysis of Metal Transportation Market in India is part of the Automotive & Transportation Growth Partnership Services program, which also includes research in the following markets: Strategic Assessment of Containerization Trends in India, Strategic Analysis of Cement Transportation Market in India, and Strategic Analysis of Liquid and Gaseous Cargo Transportation Market in India. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

Strategic Analysis of Metal Transportation Market in India / P2DF

Contact:
Tanu Chopra
Corporate Communications – Middle East
P: +91 22 4001 3437
F: +91 22 2832 4713
E: tanu.chopra[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Moving/Storage/Logistics articles,
CATCH Visitors via Your Competitors Announcements!


Rising Consumption of Steel and Aluminium in the Infrastructure and Manufacturing Sectors Drive Metal Transportation Markets in India

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Ravinder Kaur/ Amrita Nandi 
+91 44 42044760 / +91 22 4001 3424 ravinder.kaur[.]frost.com/ amritan[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Moving/Storage/Logistics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Moving/Storage/Logistics Most Recent Related Press Releases:

Frost & Sullivan Lauds the Outstanding Customer Value Offered by Kathrein's RFID Solutions for the Logistics Market
Kuehne + Nagel Expands its KN PharmaChain Network Offering Cold Chain Logistics in San Juan
Belcorp and Kuehne + Nagel Enter into Supply Chain Management Partnership
Kuehne + Nagel Continues to Expand its Services for BMW Group Aftersales Logistics
Kuehne + Nagel Introduces TRANSPOREON Platform as Digital Carrier Interface
Kuehne + Nagel Pioneers New Application of Logistics Market Intelligence as Part of its Digital Evolution
AkzoNobel Extends Successful Logistics Cooperation with Kuehne + Nagel
OSRAM and LEDVANCE Brazil Outsource Logistics Activities to Kuehne + Nagel
Leonardo-Finmeccanica and Russian Post Signed An Agreement to Build A Logistics Hub in Novosibirsk
Kuehne + Nagel Wins Huawei ESC’s 2015 Quality Excellent Award

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today