Industry Analysis Report of Electrical Industry

CHAPTER- I Introduction INDIAN ELECTRICAL INDUSTRY PROSPECTS OF THE INDIAN ELECTRICAL INDUSTRY Like each other industrial sector in India, the Indian galvanising/Electronics diligence too is slowly emerging from out of its safety-related cover. For far too long has Indian manufacture remained shackled and consequently inward looking. Over the past fifty years in that location was no exposure to globular players and competition, with the pull up stakes that the Industry grew up in a sheltered environment, mutually beneficial on the Government for everything, from licenses to protection to tariffs. Each one of these interventions was aimed at securing protection for oneself and ensuring come upth of ones own transcription at the cost of industriousness and the nation at large. privation of global competition encouraged a cost summation approach, where every conceivable cost increase was passed on to the customer. there was thus no motivation to reduce costs. With delicensing, decontrol and deregulation, Indian Industry has suddenly been exposed to global competition. Since last decade, India has witnessed what global players have achieved and what they are capable of achieving. We are becoming awake(predicate) of competition on our turf.

In this scenario, every company complains of change magnitude competition, lower order books and shrinking margins. The Indian Electrical/Electronics Industry is of course further besieged by the fact that there is a dearth of business on account of want of investment in the power infrastructure. Many organizations in this industry are looking overseas to develop the export markets owe to reduced demand at home. At the outset, it must be stated that the reduced domestic demand is at outperform a temporary phenomenon. The power sector in India is stand out to grow and this will undoubtedly boost demand from the Utilities, quite an apart from the industrial demand which will continue to grow with increased industrial output. The poor financial health of the southeast by south is however a damper that... If you want to get a full essay, order it on our website: Orderessay

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