As compared to the previous decades in the last few years the Indian gear market is drastically evolved contributing around 20% to the economy. Gears are moulding to suit industrial, commercial and household environments. So are preferred as they can be easily adaptable, robust and with the advancement of technology are becoming more efficient too.
The competitive features which bring recognition to the Indian gear industry are its rich resources and technological advancements. The Indian gear industry is originating as a leader as India is the leading manufacturer as well as exporter, supplying to the increasing demand of gears across various sectors worldwide.
Apart from its resources India is also supported by FDI (foreign direct investment) which are pooling at a pace. Foreign investors are attracted towards India for trade as they understand the potential the Indian gear market has in store for them and with the increasing consumption they are optimistic about the outcomes which will flourish trade and profits.
And as industrial gears are widely used on domestic and specialised industries investors are receiving profits at every level and so consider out sourcing as the best resort to extract maximum gains. Largelythe Indian gear industry compared to the previous year in 2011-2012 has exported 15% more which tends to further increase with the growing demand for gears in aerospace and marine machinery and tools.
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