A recent pan-India research done by a Gujarat-based marketing strategy and consulting firm points out that the Indian real estate industry is in for some correction in 2011.“It (the correction) may start from the first quarter of 2011 and last up to the third quarter of 2012. However, it will not be too intense as it was during recession period. It is expected that the prices may come down by 10-15% during this phase,” says a research by Ikon Marketing Consultants.
"Rajkot industries survive on demand and cost competitiveness. But the growth of Rajkot SMEs is poor compared to other industrial zones. If they want to grow, they must give up traditional ways of managing”, said Azaz Motiwala, chairman and managing director, IKON Marketing Consultants.
“Shortage of manpower is always a problem with the Rajkot engineering industry and this has hit productivity and threatened expansion plans of many companies. Under utilization of available resources, technological backwardness and management incompetence are the results of shortage of competent and skilled manpower,” said Azaz Motiwala, CMD, Ikon Marketing Consultants.
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