SWOT Analysis
A SWOT matrix is important because it evaluates the main aspects of a
business for strategic planning. Creating a SWOT matrix helps an organization understand its own strengths and find areas where it can improve. It also
allows a company to assess its goals, decide on potential business ventures and discover outside factors that may affect its success.
Strengths
- Supply highest quality equipment's
- Trade connections all over the globe
- In house Design and Engineering
- Strong tie-ups with the OEMs.
Weaknesses
- High competition
- More investment is needed in new technologies
- Weak in integrating different work cultures
- Financial planning
Opportunities
- Positive outcome from government policies
- Using the base of "Make In India"
- Business growth and employment
- Widening our area of sevices internationally
Threats
- Natural disasters
- Unexpected global pandemics
- Unfavorable government policies
- Sudden fluctuation of market leading countability and increase in commodity prices.