Chinese, Korean electrical goods seizes domestic market share
Hotline: 1800 102 2007
X
Search Business Opportunities
2014-02-19

Chinese, Korean electrical goods seizes domestic market share

Imports of electrical equipment, including imports from China and Korea, have captured a significant share of the domestic market in India, Parliament was informed on Tuesday.

Imports of electrical equipment, including imports from China and Korea, have captured a significant share of the domestic market in India, Parliament was informed on Tuesday.

Replying to a query, Minister of State for Micro, Small and Medium Enterprises K H Muniyappa in the Rajya Sabha said, "Industry sources report that there is a significant underutilisation of installed domestic capacity in the electrical equipment industry. Present capacity utilisation stands at 70 per cent.” 

 

The cheaper Chinese imports in the heavy industries segment which includes electrical equipment, have led to under-utilisation of the domestic capacity in the capital goods sector. 

 

In a written reply to a question in the Rajya Sabha, Heavy Industries Minister Praful Patel said, “Import of Chinese products in heavy industries segments has resulted in under-utilisation of domestic capacity in capital goods sector.”
 

The quantum of imports from China in this segment was Rs 9,208 crore between the April-September period of the current fiscal. During 2012-13, it stood at Rs 18,385 crore.
 

As per information received from EEPC India (Engineering Exports Promotion Council), electrical equipment imports from China increased by 61.53 per cent from 2009-10 to 2012-13, about twice the growth rate of such imports from the rest of the world. 

 

Related opportunities
  • About Us: Rule the Rolls – Golden opportunity to join the..
    Locations looking for expansion Delhi
    Establishment year 1972
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bars, Pubs & Lounge
    An enthusiastic bunch of astronomers, space cadets and chefs came..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 8000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About: Desi Farms was incorporated in the year 2016. We are..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: English Pillars Edu Comp is a registered ISO certified..
    Locations looking for expansion Punjab
    Establishment year 2002
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts