They also added there is a need to give a fresh fillip to the development of storage and agri warehousing facilities which so far is largely fragmented with the majority of warehouses owned by traders/processors involved in agriculture trade.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,