Bicycle industry looks to other countries for greener pastures
Going through a rough phase due to heavy imports of goods from China, the city cycle industry is now trying to find greener pastures across the world by ar ranging visits to these countries.punjab Updated: May 12, 2014 13:31 IST
Going through a rough phase due to heavy imports of goods from China, the city cycle industry is now trying to find greener pastures across the world by ar ranging visits to these countries.
The cycle industry has in the recent past visited China and Taiwan to take stock of the new technology being used in these countries. At one hand, China has been taking over the market of cycles in India at a very fast pace. On the other hand, duplicate cycle parts sent by China to India are also deteriorating the prospects here.
Cycle industry has also tried to enter Pakistan through a direct trade route, as the Indian cycles and cycle parts at present have been included in the negative list due to which they could not be directly exported to Pakistan. These have to be routed through United Arab Emirates (UAE) and other countries, which raises the cost to a great extent.
Industrialists have also planned a visit to France in August and Las Vegas in United States in September this year that will be followed by a visit to Pakistan by a delegation under PHD Chamber of Commerce and Industry in October.
After Charanjit Singh Vishwkarma took over the reins of the United Cycle and Parts Manufacturer Association (UCPMA) last year, there was a hope in the cycle industry that a positive trend would emerge.
Vishwkar ma had succeeded Gur meet Singh Kular, who is now the president of Federation of Industrial and Commercial Organisations (FICO) and chairman of Ludhiana chapter of PHD Chamber of Commerce and Industry.
Kular has also been trying hard to bring back the lost glory of Ludhiana cycle industry as a result he has made an effort to strike a chord with Pakistan industrialists, so that cycles could be removed from the negative list of the country. In a meeting held with the officials of trade department and industrialist of Pakistan at Amritsar, recently, the issue of cycles being in negative list was discussed.
Vishwkarma said it was important that trips to exhibitions in different countries were made on regular intervals, so that the industrialists get exposure and a hand on better technology.
An industrial delegation under FICO visited Taiwan on March 4 to take stock of light bicycles in the country. Another delegation visited China under UCPMA on April 13 to participate in a cycle exhibition.
Gurmet Kular said, “It will be for the first time that an Indian delegation will visit France to participate in Euro Bike exhibition from August 27-30. Later from September 10-12, we will go to Las Vegas to attend Interbike International Bicycle Expo.”
He said these visits were made so that new opportunities could be explored and market of Ludhiana cycle industry could be expanded.