Valued at more than Rs 1.40 lakh crore in 2013-14, India’s small- and medium-enterprise-dominated electrical equipment industry is under severe pressure. Sluggish demand in the domestic market and a consistent increase in imports of electrical equipment from China are threatening its growth. With capacity utilisation at less than 70 percent, the industry registered miniscule growth of 3.5 per cent in production in 2013-14.
Chinese imports hurting electrical equipment units
July 28, 2014