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The
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The Indian Fastener industry took birth in the 1930's and came into the spot light during the boom period of the 1960's and recently, since 1995. The intermittent years were punchuated by slack demand due to a number of reasons, right from economic problems in the countryto the gulf crises. Since 1995, following the revival in the user industry- Automobiles-fasteners have been seeing excellent offtake. Inspite of high raw material costs, working capital intensiveness and the dominance of the unorganised sector, the major players in the industry have notched up noteworthy performances fro the oast two years. Given the favourable economic conditions, and of course, the cheap and skilled labour, the Indian fastener industry is gearing to emerge as the leading player in the global scene. The scenario of a continuing boom in the main user industry and an unexploited export demand augurs well for the industry. �
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