The Jalandhar auto parts industry has over 1,500 firms, employing about 50,000 people. These units manufacture engine parts, suspension system parts, wheel assembly parts and transmission system parts, among other products.
“It is an old industry, with a large number of units, but its growth has now become restricted. The industry, which was flourishing earlier, now lags behind others in the state due to absence of modern technology,” said Japinder Singh, a manufacturer of auto parts.
“Many of the firms in the industry are micro units, and do not have the finance to be equipped with modern technology,” Singh said.
“ We do export our products to major markets in various states of the country and abroad too, but we lack in hot rolling machines, plating machines, modernized barreling machines, forging technology and many other important modern technologicies,” said Manish Kumar, another manufacturer.
“Also, there should be a training center to teach manufacturers about the use of new technology and to make them aware of its benefits. The manufacturers, too, should take an initiative, go ahead and demand for loans with a subsidized rate of interest, to enable them to grow their firms,” Kumar added.