Singh Exports plans unit in Amritsar

Plant to begin operations in 2007, absorb Rs 50 lakh as investment

Amritsar-based Singh Exports, a 100 per cent export-oriented unit dealing in wire working machinery and products, is planning to set up its second unit in Amritsar, in order to cater for the growing demand of this type of machinery in the overseas market, especially South Africa. The company has already bought land for setting up the unit.

The firm is engaged in manufacturing wire drawing plants, wire-nail making machines, pop rivet machines, barbed-wire making machines etc. The company started operations in 1965. Initially, it catered for the domestic market, but later started exporting machines to the South African countries. Since 1995, it has exported about 1000 machines to the South African countries and England.

Talking to Business Standard, proprietor, Onkar Singh, said, "The unit is likely to be operational in January 2007. Initially the capacity of the new unit will be about 10 machines per month, which will be further enhanced as per demand in overseas market." Singh further added that initially an initial investment of Rs 50 lakh was being made for setting up the new unit.

At its present capacity, the firm can manufacture 15 machines a month.

"Seeing the upsurge in demand in the overseas market, we are expecting to touch Rs 2 crore this fiscal", Singh said. Commenting on the demand for these types of machines in the domestic market, he said, "As these machines are subjected to less wear and tear, and due to their long lives, the demand in domestic market is almost saturated."

"As a company policy, we are very particular about the quality of the product, and about developing trustworthy relations with our customers, to ensure that we build a long lasting relationship", he added.

He said with its commitment to quality, reliable services, diversification plans and most importantly timely deliveries, the company was poised for a big leap in growth.

"This has been possible by keeping abreast of the latest developments in mechanical trade and constantly adding to our range new tools and appliances," he said. The company is ISO:9001 certified.

Highlighting the problems faced by the industry, he said, "We have to depend on Ludhiana for raw material. Moreover, for hardening and tempering, we have to send the raw material to Batala or Ludhiana, as there is no such unit or laboratory in Amritsar for checking the quality of hardened material."