MS Unnikrishnan, MD at Thermax points out that orders carried into the current year were substantially lower and new order inflow has also been subdued.
MS Unnikrishnan, managing director MD, Thermax, wants the government to address are more clearances in foreign direct investments and an easing of interest rates by addressing inflationary woes.
Core sector for November, which is 38 percent weightage of the IIP, came in at 1.7 percent in November versus 0.6 percent on a month to month basis.
Sunil Duggal, CEO, Dabur says that the company‘s consumer discretionary goods portfolio are showing good growth, despite the slowdown. He says that though the fourth quarter numbers would show a reasonably robust demand profile, the possibility of this slowing down in the coming months cannot be ruled out.
Corporate India has pitched for steps from the Government and the Reserve Bank of India to bring down consumer finance rates by at least 100 basis points, ahead of the upcoming festive season.
Shantanu Dasgupta, Whirlpool of India, says that this summer season has played a spoilsport for the industry and he does not expect immediate turnaround for the industry. He is however confident of putting up a good performance in time to come.
When Mr B. Dwarakanath ambled into an electronics shop at mid-day in T.Nagar in Chennai, little did he know that it would take him a good quarter of an hour to even get the attention of the sales person. The shopper knew it would be crowded on New Year's eve, but not to this capacity.
While consumers enjoyed a pleasant summer in 2011, it was bad weather for the durables industry as a slump in air-conditioner sales compounded their woes in a year in which the sector had to struggle to cope with high input costs and a weakened rupee.