Riding on a high export demand, Rajkot's machine tools industry is eyeing a turnover of Rs 1,200 crore by 2010. | |
| The industry with a turnover of Rs 700 crore is growing at a steady 20 per cent y-o-y and is poised to achieve the Rs 1200-crore mark by the year 2010, industry sources said. |
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| There are around 500 machine tools manufacturing units in the Rajkot GIDC of which six make CNC machines. According to sources, around 40 per cent of the machines manufactured in the Rajkot GIDC are sold in the export market. |
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| Though the industry is optimistic about maintaining the 20 per cent growth rate, manpower crisis could be the only hurdle as there are not enough trained workers. |
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| "Around 20,000 people are employed in this industry. The way the industry is growing, it will require 30 per cent more people," said Shailesh Kava, president of Rajkot Machine Tools Association. |
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| However, Parakramsinh Jadeja, promoter of Jyoti CNC, a CNC machine manufacturer, which recently acquired a French company, said: "It is not that we don't have the required manpower. The question is about raising capacity." |
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