China firm in JV with Todi

Company mulls over setting manufacturing base in country

Zhejiang Sifang group, one of the leading agro machinery manufacturers of China, is keen to set up a manufacturing base in India. The company could form a joint venture with promoted by for the purpose.
 
The promoter of Bengal Tools, Ravi Todi informed that the Chinese group was now closely watching the development in the Indian market. If the size of the agro machinery and power tiller market becomes reasonably big then it would go for a manufacturing base.
 
Currently, Bengal Tools has a technical tie up with Zhejiang Sifang. "Now the market for power tiller in India is smaller than that of even Bangladesh. The size of Bangladesh market is 30,000 power tiller per year. On the contrary it is only 15,000 in India," he said.
 
According to Todi, Bengal Tools has achieved more than 40 per cent sales growth in power tillers in 2004-05. "We have sold 1,800 units compared to 1,300 units in 2003-04. This year we are planning to sell 2,500 units," he said.
 
One of the directors of Sifang group, Lin Guangping opined that the Bengal Tools will outperform its target considering the robust growth in the agro industry. The chief executive officer of Bengal Tools, S K Nag said BTL is planning to capitalise on the emphasis in the recent budget by the UPA government on irrigation projects under Bharat Nirman.
 
Incidentally, Sifang has presence in power tiller, harvestors, cultivators and plant protection equipment's.

 
 

image
Business Standard
177 22
Business Standard

China firm in JV with Todi

Company mulls over setting manufacturing base in country

Our Bureau  |  Kolkata 



Zhejiang Sifang group, one of the leading agro machinery manufacturers of China, is keen to set up a manufacturing base in India. The company could form a joint venture with promoted by for the purpose.
 
The promoter of Bengal Tools, Ravi Todi informed that the Chinese group was now closely watching the development in the Indian market. If the size of the agro machinery and power tiller market becomes reasonably big then it would go for a manufacturing base.
 
Currently, Bengal Tools has a technical tie up with Zhejiang Sifang. "Now the market for power tiller in India is smaller than that of even Bangladesh. The size of Bangladesh market is 30,000 power tiller per year. On the contrary it is only 15,000 in India," he said.
 
According to Todi, Bengal Tools has achieved more than 40 per cent sales growth in power tillers in 2004-05. "We have sold 1,800 units compared to 1,300 units in 2003-04. This year we are planning to sell 2,500 units," he said.
 
One of the directors of Sifang group, Lin Guangping opined that the Bengal Tools will outperform its target considering the robust growth in the agro industry. The chief executive officer of Bengal Tools, S K Nag said BTL is planning to capitalise on the emphasis in the recent budget by the UPA government on irrigation projects under Bharat Nirman.
 
Incidentally, Sifang has presence in power tiller, harvestors, cultivators and plant protection equipment's.

 
 

RECOMMENDED FOR YOU

China firm in JV with Todi

Company mulls over setting manufacturing base in country

Zhejiang Sifang group, one of the leading agro machinery manufacturers of China, is keen to set up a manufacturing base in India. The company could form a joint venture with Bengal Tools Ltd promoted
Zhejiang Sifang group, one of the leading agro machinery manufacturers of China, is keen to set up a manufacturing base in India. The company could form a joint venture with promoted by for the purpose.
 
The promoter of Bengal Tools, Ravi Todi informed that the Chinese group was now closely watching the development in the Indian market. If the size of the agro machinery and power tiller market becomes reasonably big then it would go for a manufacturing base.
 
Currently, Bengal Tools has a technical tie up with Zhejiang Sifang. "Now the market for power tiller in India is smaller than that of even Bangladesh. The size of Bangladesh market is 30,000 power tiller per year. On the contrary it is only 15,000 in India," he said.
 
According to Todi, Bengal Tools has achieved more than 40 per cent sales growth in power tillers in 2004-05. "We have sold 1,800 units compared to 1,300 units in 2003-04. This year we are planning to sell 2,500 units," he said.
 
One of the directors of Sifang group, Lin Guangping opined that the Bengal Tools will outperform its target considering the robust growth in the agro industry. The chief executive officer of Bengal Tools, S K Nag said BTL is planning to capitalise on the emphasis in the recent budget by the UPA government on irrigation projects under Bharat Nirman.
 
Incidentally, Sifang has presence in power tiller, harvestors, cultivators and plant protection equipment's.

 
 
image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard