Poor infra may hit bicycle units: Expert - ECAS Punjab

Poor infra may hit bicycle units: Expert

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Shivani Bhakoo

Tribune News Service

Ludhiana, June 21

With most nations avoiding the Chinese market in the wake of the Covid-19 outbreak, India may witness a surge in exports. Among others, the bicycle industry is expected to benefit.

There are, however, reports that due to lack of infrastructure and research and development facilities in India, the global market has started exploring options in countries such as Vietnam, Sri Lanka and Cambodia.

Talking to The Tribune, Rajesh Kapoor, Director, SK Bikes, said India was still getting many enquiries from European and African countries. However, owing to internal problems such as poor supply chain, labour pangs, old technology and lack of research and development, European and African buyers were looking at other nations as they had better facilities and infrastructure.

“We are at number two in bicycle production with manufacturing of nearly two crore bicycles. China is at number one as it makes 20 crore bicycles a year. Look at the huge gap between the production. We need to ramp up production. But there are areas where we are helpless and only the government can provide the solution,” said Kapoor.

Avtar Singh Bhogal of Bhogalsons said he had been stressing the introduction of new technology. “We are running the machinery, which our forefathers had installed. If we wish to get a machine worth Rs 30 lakh, we will have to pay a hefty duty of up to Rs 10 lakh or even more. In this scenario, how can we upgrade our manufacturing process?” he asked.

from The Tribune https://ift.tt/3fKrzbN

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