• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Sunday, June 15, 2025
  • Login
Metro City News
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Finance/Money
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Finance/Money
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Metro City News
No Result
View All Result
Home Business

Motor industry, Magnetic tools industry, Meter industry and Automation industry are the sectors in India that we see potential demand

Metro City News Desk by Metro City News Desk
December 7, 2021
in Business
Motor industry Magnetic tools industry Meter industry and Automation industry are the sectors in India that we see potential demand
Share on FacebookShare on Twitter

Magtech is a leading manufacturer of Permanent Ferrite Magnets and NdFeb Magnets in Taiwan. Magtech provides not only cost-efficient magnets but also magnetic products like magnetic rubber (rubber magnets) and more. Their production line comprises a variety of magnets and related items. They can be seen widespread in commercial or advertising usages available in rubber magnet sheets, strips or rolls by extrusion process. Here is an interview from the leadership team, talking about their future plans and strategic approach for India

  • Give us a brief history of Magtech Magnetic Products?

Magtech Magnetic Products Corp. is engaging in the magnetic field for more than 29 years of experience in manufacturing and selling all kinds of permanent magnets and magnetic applications over 65 countries, and achieves a very good reputation and honor from all customers worldwide. From researching, manufacturing to marketing, from magnetic units to finished products, we assist the customers in solving various magnetic issues and needs about magnetism, and provide the best quality and service. The MMPC is one of the best and reliable partners in the magnetic industry field.

RelatedPosts

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers

May 28, 2025
Smart Geek Visas Turns Immigration Dreams into Global Success Stories

Smart Geek Visas Turns Immigration Dreams into Global Success Stories

May 27, 2025
  • Give us a sense of the growth numbers in the last fiscal and the expected growth this fiscal?

Frankly speaking, we didn’t get the growth in the last fiscal. However, we are expecting to get the growth by 10% in this fiscal.               

  • What specialized products does Magtech Magnetic Products offer?

Two kinds of products that we are specialized in offering: First is Customized magnetic tools, such as Magnetic separator and Magnetic bar, etc. Second is Energy magnets, such as Bio magnet, Anion magnet and FIR magnet.

  • Magnets are expected to play a key role in EV – what is your view?

We are very positive action on EV application. We have confidence that we can get more business on the same. We have already done all preparation on this issue. The business in EV is very potential in future.

  • Why is India a lucrative market for Magtech Magnetic Products

The Indian automotive industry is well-known in the world. In this industry, the demand for magnets of different materials is very large.We have great confidence in the India market.

  • Which are the sectors in India that you see potential demand for your offering?

Motor industry, Magnetic tools industry, Meter industry and Automation industry.

  • What is the potential business you expect to garner in India?

EV industry or magnetic applications industry.

  • How does Magtech Magnetic Products stand out against the domestic manufacturers of magnet in India?

We have over 29 years manufacturing experience, and do QC inspection strictly to ensure the high quality and highest reliability of products. We are proud of QC policy.

  • How many countries outside Taiwan have you created your presence?

We trade in 65 countries all over the world.

  • What was the strategic focus to partner with TPC?

Hopefully our partner in India can get the support from TPC at any time. The TPC has given us so much valuable assistance.No matter in exhibition or business activity. Actually, not doubt they play a role of win-win situation.

  • Do you have any presence in India? What are the business plans in India for the next 5 years?

Of course, we do at present. We hope to get more and more business not only in above-mentioned industries, but also in other industries, such as hardware industry and health care industry. Our vision is that the business can grow 3 times for the next 5 years.

  • How do you plan to expand your business in India?

First, through the assistance of TPC, to find more potential customers. Second, through google with keywords, to find more potential customers. Third, through E-commerce platform such as Amazon, Flipkart, Snapdeal, etc.

  • What are the key challenges you face in the Indian market?

First, Price problem, especially currency exchange rate. Appreciation of Taiwan dollar is unfavourable to our export business.

Second, Lead time problem. The lead time for magnet production is at least one month, so it is too long for some Indian customers. Third, Remittance problem, because India is one of foreign exchange control country, more procedures and documents will be required.

  • Post Covid how has the sector fared and what are your key strategic plans?

Fortunately, the Covid-19 didn’t give us so much influence. We did what we can do. We expect to have a growth on exporting business. There are two key strategic plans in past two years. Firstly, we look for more subcontractors to join in our supply chains. Secondly, strictly request our employees to obey the rule of anti-virus.

Tags: Automation industryMagnetic tools industryMagtechMagtech Magnetic Products CorpMeter industryMotor industryPermanent Ferrite Magnets and NdFeb Magnets in Taiwan
ShareTweetShareSendSharePinSend
Previous Post

Nitin Gadkari answers the citizen’s questions about toll taxes at Agenda Aajtak 2021

Next Post

Taiwan Product Centre (TPC) aims for USD 25 million sales revenue in India by 2023

Metro City News Desk

Metro City News Desk

Related Posts

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers
Business

Say Hello to the Smartest Way to Sound — Ooka Audio Launches TWINS 707 Bluetooth Ceiling Speakers

by Metro City News Desk
May 28, 2025
Smart Geek Visas Turns Immigration Dreams into Global Success Stories
Business

Smart Geek Visas Turns Immigration Dreams into Global Success Stories

by Metro City News Desk
May 27, 2025
Visionnaire At Salone Del Mobile Milano 2025
Business

Visionnaire At Salone Del Mobile Milano 2025

by Metro City News Desk
May 27, 2025
Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth
Business

Quick Scaleup Technologies: How a Patna-Based Startup is Powering Global Digital Growth

by Metro City News Desk
May 20, 2025
A Diwali Like No Other: Mark Rober Teams Up with Mr. Indian Hacker for Explosive Innovation
Business

A Diwali Like No Other: Mark Rober Teams Up with Mr. Indian Hacker for Explosive Innovation

by Metro City News Desk
May 16, 2025
Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology
Business

Pahia: A Mohali-Based Startup Empowering Street Vendors with Technology

by Metro City News Desk
May 12, 2025
Next Post
Taiwan Product Centre (TPC) aims for USD 25 million sales revenue in India by 2023

Taiwan Product Centre (TPC) aims for USD 25 million sales revenue in India by 2023

Good News Today launches brand new entrepreneurial reality show- “Horses Stable: Jo Jeeta Wohi Sikander”  

Good News Today launches brand new entrepreneurial reality show- “Horses Stable: Jo Jeeta Wohi Sikander”  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Inter-sectorial Convergence for COVID 19 vaccination

January 20, 2021
How Haveli Pioneered the Highway Restaurant Concept in India

How Haveli Pioneered the Highway Restaurant Concept in India

July 27, 2024

Union Textiles Minister Inaugurates Certified Jute Seeds Distribution Program And Awareness Workshop For Jute Farmers

February 16, 2021
Mediaworks Studio Pioneers AI-Powered Cultural Production in Maharashtra

Mediaworks Studio Pioneers AI-Powered Cultural Production in Maharashtra

March 11, 2025
SAKRA World Hospital launches the SAKRA Information Centre in Bardhaman, West Bengal

SAKRA World Hospital launches the SAKRA Information Centre in Bardhaman, West Bengal

May 9, 2023
Breaking barriers: Realizing Dreams Foundation provides financial support and mentoring to underprivileged students for a brighter future

Breaking barriers: Realizing Dreams Foundation provides financial support and mentoring to underprivileged students for a brighter future

May 4, 2023
Identity of the middle-class boy revealed! It’s cola ad fame lad, Prit Kamani, who has painted the town with a middle-class hue and hijacked love!

Identity of the middle-class boy revealed! It’s cola ad fame lad, Prit Kamani, who has painted the town with a middle-class hue and hijacked love!

August 5, 2022

Affordable MBBS Abroad with CareerMarg: Study in Bangladesh, Russia, Nepal, and More

April 17, 2025

All you want to know about the ‘Great Conjunction’  – TV Venkateswara

December 12, 2020

iTechGenic Partners with Microsoft Azure and G7 CR Technologies to Revolutionize Engineering Management with AI-Driven Insights

September 8, 2023

EdTech Company Learning Spiral Helping in Delivering High-Stake Results

November 19, 2020

Cherise Heartwarming Gesture: Free 2 lac Tea Distribution Daily for 10 Days at Lalbaughcha Raja Ganesh Mahotsav 2023

September 28, 2023

Indian Para Power Lifters, Coached by Tanvir Logani, Set out for Asian Para Games

October 20, 2023

New Book “Blaze: A Son’s Trial By Fire: A True Story” Highlights the Power of Self-Evolution

May 11, 2023

Transport Minister Shri Nitin Gadkari launches ‘Go Electric’ Campaign in the august presence of Power Minister Shri RK Singh

February 19, 2021

Consumer complaint online legal advisory firm plans to reach every corner of the country with affordable consumer rights services

September 12, 2022

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World

Recent News

Haveli: Where Punjab’s Cultural Past Meets Highway Hospitality

Haveli: Where Punjab’s Cultural Past Meets Highway Hospitality

June 14, 2025
Founder Launches “Unlabel” — A Leather Sneaker Brand That Rejects the Label Game

Founder Launches “Unlabel” — A Leather Sneaker Brand That Rejects the Label Game

June 13, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Metro City News

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Metro City News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In