Punjab auto parts hub undeterred by finance lack | SupportBiz

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Punjab auto parts hub undeterred by finance lack

 
Despite lacking in finances, the tractor parts manufacturing industry in Hoshiarpur, Punjab, is making its mark in the world with its high-quality products, according to manufacturers.

There are over 50 micro units in the industry, having a collective annual turnover over Rs.25 crore.

“The micro units in the industry manufacture most  types of tractor parts and supply it to  big  big brands,  who later  assemble them to sell the finished tractors,” stated Satnam Singh, a small manufacturer from Hoshiarpur.

“Although we do not have much finance, we try to deliver our best,” Singh said.

“We can be on  top of the auto parts manufacturers list if we are given better infrastructure or finances to upgrade the technology used in   production,” said Ramesh Luthra, another manufacturer.

“The state government must support the industrialists to help this industry  grow.  Other small problems such as irregular supply of electricity and lack of facilities being provided by the state government should also be resolved,” he said.

 

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