Spinning industries provide yarn to the weaving industries, which provide fabric to the garment industries. The quality of yarn and fabrics greatly influences the quality of the garments. Quality yarn production greatly depends on machinery. The major players in spinning machinery manufacturing are Switzerland, Germany, Japan, Italy, China and India. However Spain, Belgium, Turkey, and France are growing their market share slowly. Switzerland enjoys the largest share and is a master of finely engineered textile spinning machines.
Top 5 Spinning Machine Manufacturers in the World:The most relevant spinning systems are ring spinning (c.65% market share), followed by rotor spinning (c.30% market share), and air-jet spinning (c.2%–5% market share). Exotic spinning principles such as friction spinning are not taken into account here as the utility is not very high.
Comparative information for Spinning Machine Manufacturers in the World:
Particulars
Rieter AG. Winterthur, Switzerland
Saurer Schlafhorst GmbH & CO. KG, Übach Palenberg, Germany
Murata Machinery, Ltd., Fushimi-ku, Kyoto, Japan
Savio Macchine Tessili S.p.A., Pordenone, Italy
Lakshmi Machine Works Limited, Coimbatore, India
Country of Origin
Switzerland
Germany
Japan
Italy
India
Types of Spinning
ring-, rotor-, and air-jet spinning
ring-, rotor spinning, and winding
air-jet spinning and winding
rotor spinning, twisting, and winding
ring spinning and winding
Market position on Global Market
1st
2nd
3rd
4th
Not on leading position
Market position on Bangladesh Market
Not Specified
Not Specified
Not Specified
Not Specified
Not Specified
Local Subsidiary in Bangladesh
No
No
Murata Machinery Bangladesh Ltd.
No
No
URL
https://www.rieter.com/
http://schlafhorst.saurer.com/en/schlafhorst/
https://www.muratec.net/
https://www.saviotechnologies.com
https://www.lakshmimach.com
From the above analysis, we can’t find proper based for selecting arm’s length price method other than “Other method”. So we select “Other method” as arm’s length price method As per the Bangladesh Income Tax Ordinance, Chapter XIA Transfer Pricing, Sec 107C (f), we have calculated the arm’s length price