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Textile machinery prices on a level with Indian side
09 Mar '06
1 min read
Leveling the stiff competition with India, Chinese textile machinery manufacturers keep their prices equal to Indian counterparts.
China Texmatech, located in India, the overseas marketing subsidiary of China Hengtina Group (CHG) had sold machines at 20 percent lower prices than Indian manufacturers in July 2005.
But now, Chinese machinery is available between prices Rs2200 and Rs3500 per spindle, while Indian machines are pegged at from Rs2400 to Rs3200.
Chinese officials said that prices seem high as Indian buyers want machinery with European components.
China Texmatech, located in India, the overseas marketing subsidiary of China Hengtina Group (CHG) had sold machines at 20 percent lower prices than Indian manufacturers in July 2005.
But now, Chinese machinery is available between prices Rs2200 and Rs3500 per spindle, while Indian machines are pegged at from Rs2400 to Rs3200.
Chinese officials said that prices seem high as Indian buyers want machinery with European components.
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