Ludhiana: According to the industrialists, there are around 4,000 cycle and cycle parts manufacturers in the city, which are supplying their parts to different international countries. But, most of the manufacturers are now getting imported cycle parts from China and putting up their company logos for exporting to other countries.However, China is providing very cheap products of bicycle to India. As manufacturers are not meeting the cost of product, therefore, many manufacturers have started trading the products to other countries.
According to the industrialists, more than 2,200 crore bicycle products are getting import every month. Every month large number of bicycle manufacturing units are getting closed due to which trading of bicycles is getting more.
The bicycle parts being imported from China include steel ball, hub cone, cable, basket, spokes and pump.
Charanjit Vishwakarma, president of United Cycle and Parts Manufacturers Association (UCPMA), Ludhiana said, “Increase in import of bicycle parts has made dent over the industry as regularly manufacturing units are getting close. State government should allow safeguard over the import of products from China. Moreover, Indian currency is going out which is very bad thing for India.”
Industrialists also claimed more than 2 lakh hi-end bicycle are getting import from other countries which is also harming the interests of the manufacturing industry. Large numbers of labourers are getting unemployed regularly which is loss of bicycle industry.There are at least 4,000 cycle and cycle parts manufacturing units in Ludhiana that even supply parts to some of the international companies. This makes cycle industry one of the most important in the country but increasing import of bicycle products from China has defeated the Indian bicycle manufacturing units.
However, some of the industrialists on requesting anonymity claimed that prominent industrialists who are representing the associations are also doing trading as they indulge in these import business.
For more news updates Follow and Like us on Facebook