Sankey Industries Private Limited

In their own words

Welcome to Sankey Industries – Making India’s modern infrastructure. SANKEY INDUSTRIES PRIVATE LIMITED deals in carrying on the business of manufacturers, Importers, Exporters, Traders and dealers in Metal, Plastics Items and fabrication works. We buy, sell, refine, manipulate, import, export or otherwise deal in Plastic Items and Metals, fabrication works & general order suppliers or adornment of decorative articles made out of Plastic. Metals have been one of the core drivers of industrialization. Among metals, steel has historically held a dominant position. As a raw material and intermediate product, production and consumption of steel are widely regarded as indicators of economic progress. Thus, it would not be an overstatement to say that the steel industry has always been at the forefront of industrial development and forms the backbone of any economy. India’s domestic steel industry is especially vulnerable to cheaper imports and demand fluctuation. The slump in domestic steel consumption and decrease in investment across sectors have affected the overall growth and profitability of the steel industry. The current wave of protectionism and trade wars are further impacting the industry. However, we believe that this is a temporary phase. The present situation calls for a quick policy boost to insulate the sector from global pressure and stimulate demand. Although corporate tax cuts are a positive step towards driving investment, they are not enough to boost demand. Measures are needed to increase consumer confidence and the credibility of the financial sector. Moreover, the steel industry needs to evaluate the digital disruption taking place in other industries and how some of its challenges can be mitigated by using emerging technologies. Indian plastics industry is set to buck the global trend of sluggish growth by emerging as one of the fastest growing markets with 12 percent growth rate this year. By 2025, plastics consumption of the country is expected to increase from the current 12 million metric tones per annum (MMTPA) to 20 MMTPA. That is the reason of the incorporation of SANKEY INDUSTRIES. Make in India. This continuously growing industry and is being commercialized in the automotive, electrical and electronics, construction, and medical industries. Industrial rubber like rubber cord is widely used in the chemical industries, automotive industry in various applications, including gaskets, O-rings, sealing etc.

Written by the company on its public Startup India profile. Not verified by us.