Submit Share Grow. Free press release distribution for small business
RSS RSS facebook Twitter Contact Us

Exclusive and one of the best business news portals for small and medium enterprises in India

Breaking News
Industry News 
Punjab's small units bank on government orders
by Mahesh Suri on September 21st 2010 and filled under Small and Medium Enterprise (SME)
 

Small and medium enterprises in Punjab are aiming to procure government orders, apart from their regular custom, to boost their businesses.

The United Cycle Parts Manufacturers Association (UCPMA), a bicycle industry association, is awaiting orders for bicycles from state governments in the southern and eastern parts of India.

Gurmeet Singh, vice-president of the UCPMA, said that the Tamil Nadu government had recently booked orders for bicycles with four companies, of which two are from Ludhiana.

Normally, a few states in southern and eastern India place orders for bicycles, which sets the ball rolling for the bicycle industry in Ludhiana. This year the fury of the monsoon has affected order placement, but association members nonetheless expect the momentum to recover in the coming months.

A L Aggarwal, president of the Chandigarh Industrial Fastener Association (CIFA), said fastener manufacturers in the region had applied for tenders floated by the railways, telecommunication, electricity boards and other state agencies.

The tenders are to be opened by November, and from December, the fastener industry expects a stream of orders which should keep it occupied until March.

Chandigarh has 300-325 registered and unregistered fastener enterprises, of which 90 per cent are in the micro category and 10 per cent in the small category. It generates business of about Rs 170-180 crore, Aggarwal said.

 
Received 0 comment Show Showing 0 of 0 comment
Browse more on: Small and Medium Enterprise (SME) More News
Tags (click for more Related Topics): Small and medium enterprises in Punjab, Chandigarh Industrial Fastener Association (CIFA), bicycle industry association, United Cycle Parts Manufacturers Association (UCPMA), procure government orders
   
 
Leave a comment Login/Register Now
(Your message will be posted as 'Guest' because you're not logged in as a member. )
 
Name (Required)
E-mail (Required)... (will not be published)
Website
Security check
Please type the characters you see in the picture below *
 
Popular Topics
SPONSORED BY
 
 
Opinions, advice, statements, offers, or other information or content made available through IndiaCompanyNews are those of their respective authors. Accuracy and timeliness of all data is not guaranteed. If you have any questions regarding information in Company News/Press Releases please contact the organization listed in the press release, Issuers and not IndiaCompanyNews are solely responsible for the accuracy of the content. Web site logos and headlines are the property of their respected companies. Use of this site constitutes acceptance of our terms of use and privacy policy.