Manish Bhatnagar, Managing Director, SKF India
(Bearings and seals)
After the global 2020 interruption, the economy is clearly on the revival mode and we are positive that 2021 will be a game changing year specifically for the Indian manufacturing sector. The flexible nature of the Indian economy will help expedite the recovery path; however, it needs to be backed by robust policy and investment interventions. We also expect the upcoming budget to address and resolve some of the pain points such as increased cost of raw materials like steel, rise in import freight, IP safety regulations and labour laws.