In the wake of rapid strides being made by Chinese cycle and parts manufacturers and their increasing stake in the world's market, the Ludhiana industry has decided to follow in the footsteps of their Chinese counterparts.
The cycle industry of Ludhiana has decided that they would now start technology transfer and ways that are being used by the Chinese industry that has brought them to the top position in Asia. Earlier, Ludhiana was also a major contributor in the Asian market but Chinese bicycle products have literally broken the backbone of Ludhiana industry.
Meanwhile, a delegations of cycle manufacturers has planned to visit China to participate in China Cycle Expo 2015 to be held from May 5 to 9 in which the city industrialists would collect samples of their Chinese counterparts and would also visit several factories so that the techniques used in manufacturing of bicycle could be witnessed.
United Cycle and Parts Manufacturer Association (UCPMA) would be leading the delegation of at least 50 delegates that would go to China on Sunday to take part in the event.
"The main objective of this delegation is to witness the latest techniques, machinery, raw materials being used in the bicycles among others so that these could also be used in manufacturing in Ludhiana," said Charanjit Singh Vishivkarma, president of UCPMA, who would be leading the delegation.
Vishivkarma stated that 66% of the bicycle and cycle parts are being supplied from China to the world. He said the cycle expo used to be held at Germany or Italy around 20 years ago, but with the growing influence of China in the cycle market, the expo was shifted there.
Inderjit Singh, senior vice president of UCPMA, said that as compared to China, the export of Indian cycle is only around 1%. "The main motive of this exhibition is to learn the latest technology for manufacturing of high end bicycles and the spare parts including alloy parts, fiber frame that are used in European market".
Singh said that if such technology is used in Ludhiana, "We can conquer European market with cycle exports."