| From The CEO's Desk |
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Year 2009 - revival of new hopes
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Without doubt year 2009 signaled hope of a pick up in 2010 for the Indian industry after a year of hopelessness owing to global economic recession. Whatever cynics may say, I feel 2009 was a good year when we compare the course of events of 2008, when things really slowed down.
Perhaps the best part of year 2009 is that it has signaled the revival of the industry - both domestic and global. Entrepreneurs in most sectors are optimistic about 2010 and stand to profit more from the cost reduction strategies they had made during recession.
I think companies, especially SMEs, in the first couple of quarters should look for ways of sustainable growth before they start working on expansion plans they had thought of before the 2008 slowdown. It is understandable that several companies, primarily those in the export sector, due to lack of overseas orders had been forced to shelve their plans abruptly. Year 2010 will probably be the year to start working on these plans once again.
In addition, over the past couple of weeks, I have noticed a positive trend in our country's traditional export markets. Buyers and sellers in these markets whose confidence was hit greatly during the tough times are now shifting their focus from survival to growth. This is good news for us. With high confidence levels of buyers in our traditional markets, say in US and Europe, we stand to profit largely.
The industry has come out of a major crisis. Right now it's time to start anew and 2010 is the year to make a new beginning. For 2010 and later, I certainly wish for the Indian entrepreneurs a better set of options to choose from. |
Bikky Khosla
CEO
Tradeindia.com |
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| Country Focus - Vietnam |
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| Monthly Economic & Commercial Report on Vietnam for November 2009 giving latest updates on developments directly affecting India's foreign trade and investment. Read More... |
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| Reader's Feedback |
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Dear All,
The editorial is a true reflection of country's requirements. In addition to infrastructure development, the government should also concentrate and improve and meet the demand of skilled labour. The government should consider opening vocational institutions and train ITIs and diploma holders more vigorously with more practical approach, coordination with industries, and create a platform of better environment for them. This will only solve the problem. The authorities should not pass on the buck between Centre and States. |
| L. N. Raghavan |
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