Ludhiana: Sewing Machine Industry Demands Easy Funding and Technology Upgrade in State Budget | News Ludhiana

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LUDHIANA: A meeting of sewing machine and parts manufacturers was held on Sunday at the headquarters of the Sewing Machine Technology Park Cluster (SMTPC). The agenda of the meeting was to discuss the upcoming state budget and also to send suggestions to the state finance minister to implement them at the earliest.
Giving more information, Jagbir Singh Sokhi, Chairman of SMTPC, said, “The sewing machine industry is facing a severe crisis due to high steel rates and rising labor cost. work. In the past year alone, our production cost of sewing machine parts has almost doubled and unfortunately we have not been able to increase the rates of our finished products by the same proportion, causing us to suffer huge losses. . As a result of this situation, we need the help of the state government to provide us with easy finance from banks and financial institutions. In addition to this, the interest rate should also be charged nominally to businessmen.
According to Tarun Arora, President of the Association of Sewing Machine Assemblers and Dealers, “The sewing machine industry is in dire need of technological upgrading at this time as we have still not been able to manufacture high end industrial sewing machines which have huge market in India and abroad.We urge Punjab Finance Minister to keep in mind that Ludhiana is the hub of sewing machine industry sewing, a special technology upgrade center should be opened here specifically for the sewing machine industry so that we can develop industrial sewing machines and other new products.
According to Rajiv Arora, another sewing machine industrialist, “we request the state government to remove the business tax which is a heavy burden not only for businessmen but also for the government.”
Others present at this meeting included Binny Makhija, Sandeep Singh Chadha.
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