date:Jul 04, 2012
Where producing machinery is concerned, India is producing basic machinery, however, the growing population is giving rise to demand for sophisticated state-of-the-art technology and India lacks in the production of high-end sophisticated technology. One reason for Indias inability to produce advanced technology is that the investments are not taking place.
Also, the fact that the import duty on packaging machinery equipment is around 30% so it is easier to import machinery in India. Yet the i