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Prefer manufacturing sector; like businesses establishing global footprint: Old Bridge Capital

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Prefer manufacturing sector; like businesses establishing global footprint: Old Bridge Capital

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The largest comeback has been in manufacturing and exports, said Kenneth Andrade, Founder & CEO of Old Bridge Capital Management, on Monday.

The largest comeback has been in manufacturing and exports, said Kenneth Andrade, Founder & CEO of Old Bridge Capital Management, on Monday.

Andrade continues to prefer the manufacturing sector and likes businesses that are establishing their footprint globally.
"We favour the entire extreme part of it, which is businesses that are creating global footprint," he said in an interview with CNBC-TV18.
“When I look at the pullback and the activity on the ground, I think from the automotive sector to the building material sector to the commodity business and also technology and pharmaceuticals, chemicals – these are all significantly up because their orderbooks and visibility have been much better than ever been before,” he said.
According to him, the manufacturing sector is seeing a strong rebound which is expected to leave a higher contribution to gross domestic product (GDP) and the production-linked incentive (PLI) scheme will further spur capex cycle recovery.
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