According to a recent projection by International Monetary Fund, India's economy is going to register a growth of 9.5 percent in 2021 and 8.5 percent in 2022. After contracting by 7.3 percent in 2020 owing to the Covid-19 pandemic, Indian industry has recovered fast to get back on its feet. 2021 has been a year of redemption unleashing customer rebound and rekindling manufacturing. Testament to the fact is the IHS Markit India Manufacturing Purchasing Managers' Index (PMI) which was 55.9 in October 2021. Driven by the desire to excel, industry players have exhibited a renewed zeal to succeed.
Saluting their spirit, we have come up with this special annual issue featuring companies that made a difference through their products and services. The issue features Allianz Biosciences Pvt Ltd (ABPL) which is a unique one-stop facility for probiotic research and manufacturing. The facility has been built using Japanese designs and it is dedicated to manufacturing and developing high-quality probiotic formulations. Also featuring in the issue is Antarrtica Cold Storage which has invested in establishing a technology-driven operation line for cold storage. Mobile-Racking and Shuttle Racking Systems of the firm are among the latest and most modern technologies.
The issue also covers Fluidhydro Systems which specializes in fluoropolymer processing machineries. The company has been offering customised machines to best-fit clients' diverse requirements. It is not limited to supplying just quality machines, but also offers consultancy and technical support; thus guiding customers towards the best outcome driven solution. Reading on, you will find several other stories explaining how companies are rising to the occasion and overcoming hurdles to make a difference.
After studying the industry in-depth, we have zeroed in on these companies and products that have excelled and solved the problems in their domains. Having proven their dedication to efficiency in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.