Manufacturing cos with global footprint see strong rebound: Old Bridge Capital
March 03, 2021
Significant rise in order book for old economy sectors
Old Bridge Capital Management expects the manufacturing sectors which saw a major pull-back during the peak-Covid pandemic to lead the economic recovery largely on the lower labour and energy costs, besides production-linked incentive scheme reviving the capex cycle.
Kenneth Andrade, founder and chief investment officer, Old Bridge Capital Management said the manufacturing sector particularly the one with global footprint is seeing a strong rebound and expected to increase its contribution to gross domestic product.
Some of the sectors such as automotive, building material, commodity oriented, technology and pharmaceuticals are buzzing with on-ground activity due to significantly higher order book, he added.