The Business Of Pump Manufacturers

By Author: Shourya Ray Chaudhuri
Total Articles: 17
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The Pump manufacturing business has the capacity to change the economy of the country as the new fields are coming with the increasing rate in the demand along with the existing fields like industrial, agricultural and domestic fields. Pump manufacturers produce approximately 2 million pumps per annum but it is not enough to meet the requirements and with the globalisation and free economical policies business giants like china are flying in to engulf local pump manufacturers. India on the other hand helping through the same to bring in new technologies to upgrade the quality and also opening the door of virgin fields like Middle East with high rate of pump demands in the oil and gas field to the Indian manufacturers.
 
The local manufacturers however in some what a stage where we have to deal with so many challenges like scarcity and high in raw material price, multiple tax mechanism of the government, labour problem and end up manufacturing high quality pumps for specific needs but can not compete with multinationals due to high manufacturing rate. The situation gets tougher when some small local manufacturers ...
... illegally produce and sell at cheaper price.
 
The ray of hope for the pump manufacturers is the foreign market as the current rate of export is 10% and it is increasing every day. To export pump manufacturers have to make some changes in their policies like they need in depth market analysis for the specific demand calculation and they must make their pumps at per with the international quality along with its packaging .One of the most important factor in the export business is to appoint some expert and efficient distributors for your product and to participate in the international exhibitions with their product so that the buyer can assess your product and buy.
 
With the help of internet pump manufacturers can reach to the global market for research and technical upgrading .Indian government should also organise the small and medium manufacturers to reduce the illegal production and check the open policies which attracts foreign countries to have the cream out of local manufacturers' mouth. With weapons like strong dealer base local pump manufacturers also make it big by encouraging the distributors and dealers regularly and introducing low cost automation in the production. India has got the talents to invent new technologies and with proper encouragement from the government and the industry they can invent new technologies to improve the qualities of the pumps produced in India so that in spite of strong competition pump manufacturers can make it large.

Shourya Ray Chaudhuri.
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