December 17, 2008

Recession Hits Jalandhar industries Hard .

The recent down turn in global economy has rendered more than 40,000 workers out of work in Jalandhar.

the two dominant industries of Jalandhar -Sports Goods and Hand Tools are primarily export oriented as such they are more vulnerablr to global economic sunami. Violent fluctuations in the prices of raw materials , especially ,steel have further aggravated the woes of industrialists.

Export orders contracted around May 2008 , which were to be executed in December2008 and January 2009 , have either been cancelled or delayed.

No comments: