WCA November 2012

India India

bigstockphoto.com – photographers – Angelika Smile and Pokaz

Power shortages and land costs see fasteners move

the sea port in Gujarat. “As we will be near the port, we can also import cheap raw material from China and Taiwan, which will help us in reducing our input cost,” he added. “Initially we will be investing Rs 1,000 crore for setting up a fastener cluster comprising 50 to 60 units,” he said. A delegation of fastener makers led by Narinder Bhamra was to visit Gujarat during September to meet with the senior officials of the Gujarat government, in order to settle issues such as land, incentives, and approvals to start the project.

Citing power shortages, rising land costs and unfavourable policies for them in Punjab, the state’s fastener manufacturers are planning to establish themselves in Gujarat. The companies see huge growth potential in Gujarat, which has a strong industrial base in the refinery, power and automobile sectors. “We have made up our mind to set up a fastener cluster in Gujarat, as the state offers immense potential to us because of the presence of a host of industries in the field of refinery, power and automobile and our products can be used in these sectors in a big way,” explained Narinder Bhamra of the All India Fastener Manufacturers Association.

“We are looking at 100 acres of land in Ahmedabad to start our venture,” he said.

The industry also sees export potential, using

46

Wire & Cable ASIA – November/December 2012

www.read-wca.com