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Fastener makers hit by rising raw material prices
Raw materials account for about 60-70% of production cost in fastener industry. Post-Covid the prices of commodities are skyrocketing causing a concern among fastener manufacturers.Read more
“Outlook for Indian fasteners industry is very bullishâ€Â
Abhijat Sanghvi, President, Fasteners Association of India (FAI). According to him, the US is looking to source fasteners from India (due to the trade war escalation with China), thus providing a major opportunity for Indian manufacturers.Read more