Time for India to seize manufacturing opportunity amid Russian imbroglio, says market veteran Shankar Sharma

Market veteran Shankar Sharma in an interview with CNBC-TV18 said now is the time for India to seize the manufacturing opportunity due to the China-Russia imbroglio.

“On the manufacturing side, there is definitely a movement. I find a lot of companies saying that contract manufacturing offshoring etc. is a real story. Also in the BRIC countries, India stands out and it is a testament to the fact that India is a liberal country, that it has a framework to run the country well, that it does not get involved in foreign affairs, and that is why the world loves India So it’s time India stood up and seized this opportunity because I think there’s a significant amount of manufacturing that India is going to capture in this whole China-Russia imbroglio. “

He added that the recent rise in crude came as a surprise and investors had no idea of ​​the headwinds they are currently facing.

“The carnage in the market has centered around financials. Also, I can’t remember the last time you saw a 52-week print low on FMCG names like HUL and Asian Paints. When people want a five-year deal, I always tell them you have no idea even five months from now what’s going to happen,” he said.

Watch the video to learn more.

First post: STI


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