MACHINERY installed in two bicycle factories operated by the
Ministry of Industry (1) will cut production costs by up to 35
per cent and lead to cheaper prices for consumers, a senior official
said.
The deputy manager of the ministry’s factory at Kyaukse
in Mandalay Division, U San Nyunt, said the machinery had been
financed under a US$4 million soft loan from India.
It had covered the cost of machinery bought from India’s
Samra International company that can make all 24 parts needed
to make a bicycle, eliminating the need for imports, he said.
The machinery was installed last month at the factories at Kyaukse
and Yangon and was due to go into commercial operation in April,
U San Nyunt said.
He said 20 technicians each from the two factories had completed
45 days training in operating the machinery at Samra International’s
plant at Ludhiana last month.
U San Nyunt said machinery from Samra International able to
make seven bicycle parts was installed in the factories under
an initial $1.3 million soft loan provided by India in 2001.
