Cheaper Chinese textile machinery with faster delivery has forced Indian buyers to give up business with industry giants like Germany and Japan.
Rs7000-crore Indian machinery market wants to meet rising global demand, but its demand is almost one and half times the supply as the domestic market can cater only to 28 percent of market.
Moreover, the transportation costs to import machines from China are less.
Besides faster delivery, Chinese machines are competitive as compared to local machinery in terms of pricing.
They are cheaper than the German and Japanese machines, which are atleast three times more expensive than the local ones.
The delivery period for the Chinese machines is just six months, while in India, buyers have to wait for three years for the domestic machines.
According to the Cotton Textiles Export Promotion Council and Southern India Mills Association, the quality of Chinese machines is satisfactory.
