It is high time for the government to increase the competitiveness of the domestic electrical equipment industry by reducing the cost of manufacturing through favourable tax structure…, says IEEMA as it presents its wishlist for Budget 2019. IEEMA, the country’s apex association of manufacturers of electrical, industrial electronics and allied equipment, expects the government to
The astonishing growth of 12.8% is propelled by growth in segments like rotating machines by 12%, HT Motors 18%, cables 20% and Meters 28%: IEEMA president Shreegopal Kabra. New Delhi: After a lull of almost seven years, the Indian electrical equipment industry has once again gained momentum by clocking a double-digit growth of 12.8% in 2017-18.
IEEMA’s North East cell will have its senior officers at Guwahati, Kolkata and New Delhi for “effectively” facilitating the cell. New Delhi: In a bid to “facilitate” 100% household electrification in the North East, the Indian Electrical and Electronics Manufacturers Association (IEEMA), has built a cell in the region as a nodal point for monitoring
“Our job is to push the government to get GST and electricity under the GST Act.” The electricity should be brought under Goods and Services Tax (GST) as it will make power cheaper, the apex industry association of manufacturers of electrical and industrial electronics IEEMA has said. “We are of the view the electricity should
Major Growth Drivers: Low-voltage switchgear registered 22% growth as realty, infrastructure, and other manufacturing industries witnessed revival. Demand Decline: Distribution transformer (especially up to 25 KVA – REC range) and energy meters by 12% and 10% respectively due to poor off-take from utilities owing to delay in finalisation of orders under government schemes such as