Article: For India's Shaily, high-tech trumps low-cost.(News)

Byline: Steve Toloken

Mahendra Sanghvi's injection molding company in Gujarat, India, sits at the crossroads of India's development.

Shaily Engineering Plastics Ltd., with 65 presses and 550 employees in four factories, uses low-cost India as a base to export precision components to the North American plants of appliance makers like General Electric Co. and AB Electrolux, and to make medical and pharmaceutical products.

Sanghvi, the firm's managing director, launched Shaily with just two presses in 1987, after spending 17 years working in the plastics industry in the U.S. and Canada.

But his company isn't focused on winning price wars ...

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