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Effect of novel coronavirus Covid 19 on the supply chain and consumption on various sectors is impacting credit availability and adding liquidity pressure on the Indian industries. Globally, the Coronavirus outbreak is expected to have immense worldwide implications - GDP growth taking a hit, dropping oil prices due to weaker demand, interest rate cuts, etc. IPF PLUS of April 2020 showed how India can mitigate the Covid 19 challenge and, at the same time, reap gains with the right set of government policies and company strategies.
Besides, IPF covered topics like Castings & ForgingsDies & Moulds, Fasteners, Adhesives & Sealants, Hand Tools and Country Focus: Germany. Though forging industry is battling through many challenges and changes, IPF found that it is finding its way in this highly uncertain condition and is heading for a promising future in the coming months. Due to their wide range of applications, demand for hand tools is growing at a rapid pace. IPF takes a closer look at the growth avenues for hand tools in India and trends in the industry.