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.
December 17, 2008
Recession Hits Jalandhar industries Hard .
Tags: News, Trade and Commerce
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