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COMMERCIAL
With the well-publicized boom in India's
economy, it is easy for outsiders to assume that business practices
there are well-regulated and markets are free and open. This is not
necessarily the case.
The steel construction and fabrication
industry, for example, has failed to capitalise on the economic surge
and remains well behind the cement and concrete construction industry.
This need not be the case, but Indian steel construction organisations
need to act swiftly in order to become competitive again.
There is huge potential for steel in
India and a lot of business to be done.
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