The Vision 2021
The UAE Government wants to ensure sustainable development while preserving the environment, and to achieve that, Fujairah is playing vital role in it.
Granite: the dead stone
Due to covid-19 all the granite industries are in deep crisis. The industrialists are not in a position, to pay current bills and other minimum charges to the government.
Limestone: industrial raw material
Limestone is a versatile Mineral with major use in Cement industry. Limestone comprises 95% of core raw material for cement production. But global prices have plummeted due to COVID-19.
Emerging opportunities for Real Estate in global Pandemic
Reverse Migration to tier II, III cities will increase housing demand in the rental segment. 30% of residential market are in these cities which might change in the coming days.
Domestic Steel Production expecting a revival
Real estate, Railways and Automobile are expecting growth after the temporary blip this year as many government schemes and projects are lined up which has immense demand of steel.
China, Brazil, Australia: The Trade Triangle
COVID-19 might result in India’s iron exports fall by 40 %. The pandemic crippled Brazilian mines and improved China-Australia trade relations. India might also benefit.
Textile Industry: A fish in troubled waters
COVID-19 poorly affected the textile industry. India’s yarn exports fell by 80-90% in April. Irani held discussions with experts about post covid-19 situation in the industry.
Protection with a pinch of fashion
Social media feed is flooded with trendy face masks by various textile companies. Many international brands have penetrated the market and are introducing luxury designer face masks.
Impact of COVID-19 on the Indian Iron Industry
COVID-19 outbreak has already shaved off up to 6 percent of the iron industry’s production in FY20. Odisha’s earnings from mining declined by one-third this year.