Global economy faces brighter prospects

Leading international agencies and analysts predict that the world is emerging out of the global economic crisis that has affected most industries and even the richest countries. The International Monetary Fund (IMF) expects the global economy to grow by 3% in 2010, an improvement from the 1% contraction this year. But there is still a hitch -- as the economic r eve r s a l may be slow with advanced economies to expand sluggishly through much of 2010. In emerging economies, rebound is expected to be led by China, India, and other Asian economies with growth to reach 5% in 2010, up from the 1.75% in 2009, according to the IMF report. There won抰 be much reason to celebrate at this point since recovery will remain slow as financial systems around the globe cope with the downtrend. However, policies of governments to restore financial sector viability will do much, especially when implemented in tandem with the stimulus packages. As the world emerges from the gloomy economic scenario, industries are also getting ready to meet resurging demand especially in the areas of automotive and auto parts manufacturing, electronics and electrical industry, the health and medical sector, and consumer products. Such will definitely benefit the plastics industry as it gears to develop and launch newer, better and more cost-efficient materials, machinery and technology. We gathered the insights of companies on what were the factors that affected their operations this year, as well as their programs and plans for 2010.

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Ms. Khushboo Doshi Head Marcom and Product Manager ?XPS Rajoo Engineers Limited Tel: +91-28 275 2701 Fax: +91-28 275 2700 E-mail: kcdoshi@rajoo.com Website: www.rajoo.com

The events and the global melt down had a highly positive effect on Rajoo's operations in 2009. Since we are mostly operating in developing economies our business continued to prosper, in fact, we have not witnessed better times. We were able to compete more effectively with the suppliers from the US and Europe, and our customers found more value for money from our products. In such economic downturns, capital for investment is scarce and that is where Rajoo fi t s in - - world class technology at affordable price levels. Machinery suppliers from developed economies have become mo r e aggressive in terms of prices and also due to several mergers that have taken place. However, some of these suppliers have started to compromise on technology and quality which will harm them in the long run. However, we continue to be bullish and have clocked record order booking even in this year until now. Rajoo is now focusing on upgrading technology and increasing our footprint. We continue to add new product lines tWomens Running Shoes & Running Clothes