It is believed that the stainless steel industry has helped the world in making great progress. Especially in India, this industry has proved to be very important for the country's economy. This industry has been known for making the best use of technologies to introduce innovation in its stainless steel products. In addition to using new technologies, the industry and the organizations functioning in it have benefited the economy in three big ways. Organizations like Viraj Profiles Limited, founded by Neeraj Kochhar, have kept working to create job opportunities for many people.
Neeraj Raja Kochhar's family is of the opinion that this industry has also helped the economy to keep running even during the COVID-19 pandemic. Additionally, by constantly working, this industry never stopped the production of stainless steel products even after facing the challenges. 1. Providing Employment to a Large Number of People Growing the number of jobs available in the economy is very important. This is especially true in the case of economic recovery. If the economy of a country has been suffering, then it may not be possible to attempt the economic recovery without facing challenges. Unless employees are hired by companies in an industry as important as the stainless steel industry, the economy of that country may not progress at a fast rate. It is believed that the stainless steel industry is very large. When new hirings are made available in this industry, it will directly impact the economy. To talk of the economy of India in particular, Neeraj Raja Kochhar's family believes that the country has a rich number of skilled employees. Mr. Kochhar's organization has always been making new job opportunities for skilled employees. By hiring and polishing their skills, not only will the stainless steel industry grow but the economy will also get a boost in its growth. It is worth considering that when the number of employed individuals rises in a country, the livelihoods of many families get better. On the whole, these families are able to improve the quality of their lives as well. 2. Maintaining the Economy Even During the Coronavirus Pandemic Ever since the coronavirus pandemic started spreading at a huge rate across the globe, its negative effects were seen. These effects have caused a massive impact on the economies of various countries. The economy of India has also been negatively affected by the COVID-19 pandemic. Neeraj Raja Kochhar's biography suggests that the stainless steel industry has always faced challenges with much thought. The industry, as well as the organizations which are functioning in it, understands that it is crucial for the economy. Thus, even when challenges like the coronavirus pandemic turn up, the industry needs to properly function. And the effects of this can be directly seen on the economy of India. Neeraj Raja Kochhar's family has shared that Viraj Profiles has been recognized as the only stainless steel organization which has kept working during the pandemic. This organization has been creating job opportunities and thus, contributing well for maintaining the economy. While the economies of several countries have been facing an increase in unemployment, this organization has made sure that in India, this problem can get controlled. 3. Continuously Working to Produce Useful Stainless Steel Products For the economy to run, the functioning of organizations is essential. For the organizations to work, the sale and purchase of products become necessary. It is important to note that when the products are made and manufactured, the demands of people get satisfied. Thus, they are able to obtain the required products for usage. Organizations like Viraj Profiles Limited have been continuously producing stainless steel products. Even when the lockdown was running, people were able to get access to durable and useful stainless steel products for their homes. Neeraj Raja Kochhar's family supports the view that by maintaining the sale and purchase of stainless steel products, the economy has kept running in one way. It is also believed that the way this organization has been working to produce useful products, various other organizations have also been encouraged to work for taking the economy in the right direction. Summarizing the Above The stainless steel industry has been making great achievements. The achievements of this industry are particularly important for the economy of a country. In countries like India, there is an immense need for such industries. Gradually the stainless steel industry of India is growing for the benefit of the economy. Along with the growth in this industry, more employment opportunities are being created. Organizations like Viraj Profiles Limited have kept working at all times, even during the coronavirus pandemic. As a result of this, the economy has been able to flawlessly run. With the continuous efforts of this industry, the economy will grow even higher.
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AuthorNeeraj Raja Kochhar, a reputed businessman, says that knowing the purpose of your business is essential for many reasons. Archives
October 2021
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