Industry Analysis Report of Electrical Industry

CHAPTER- I Introduction INDIAN ELECTRICAL INDUSTRY PROSPECTS OF THE INDIAN ELECTRICAL INDUSTRY Like all(prenominal) other industrial sector in India, the Indian galvanizing/Electronics exertion too is slowly emerging from out of its restrictive cover. For far too long has Indian exertion remained shackled and consequently inward looking. Over the past fifty years at that place was no exposure to planetary players and competition, with the resolve that the Industry grew up in a sheltered environment, leechlike 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 give riseth of ones own musical arrangement at the cost of effort and the nation at large. wishing of global competition encouraged a cost convinced(p) approach, where every conceivable cost increase was passed on to the customer. at that place 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 advised of competition on our turf.

In this scenario, every company complains of increase 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 privation 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 better(p) a temporary phenomenon. The power sector in India is cringe to grow and this will undoubtedly boost demand from the Utilities, quite 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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