How has been the performance of the electrical equipment industry in the current financial year 2014-15 so far?
Based on the projections of the government for capacity enhancement in the power sector, the domestic electrical equipment manufacturing industry has made huge investments in doubling and, in some cases, even trebling its production capacity. However, this built-up capacity currently
stands under-utilized due to sluggish domestic demand on account of the slowdown in the power sector and a surge in imports of electrical equipment in recent years. This is significantly impacting the commercial viability of the domestic electrical equipment industry, besides pulling down both the top line and bottom line of the manufacturers.

Read more