Export potential of Indian wire machines

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The positive aspects of liberalization in India have upgraded the Indian economy to the overall economic development resulting in the marked improvement in the technology know-how of wire machinery building. Export of capital goods from India is also an indicator. The cost of input and labor is comparatively cheaper than in developed countries. Many international companies are eyeing India as a base for their manufacturing activities, especially in the wire machinery building area.

Description

The positive aspects of liberalization in India have upgraded the Indian economy to the overall economic development resulting in the marked improvement in the technology know-how of wire machinery building. Export of capital goods from India is also an indicator. The cost of input and labor is comparatively cheaper than in developed countries. Many international companies are eyeing India as a base for their manufacturing activities, especially in the wire machinery building area.

Additional information

Author(s)

Nirmal Singh, Assomac Machines, Ltd., India

Publication/Event/Pages

Paper presented at WAI 69th Annual Convention, Atlanta, GA USA

Year

1999