Economic Times ( 06 July )
carries following news report :
“ Despite GST , Chinese Still Strong in
Power Play “
Power gear makers say Chinese cos still have an edge , lack of
investment in the sector a worry
The 18 % GST that applies to Indian Manufacturers will also be
applicable on imports now
But manufacturers point out that the Chinese will have access to cheaper credit and
inputs and they would be fighting for a slice of the shrunk pie of orders
in the domestic market since there are no signs of recovery in capex for
thermal power
Capital Goods manufacturers in the power
sector have been complaining that their Chinese counterparts have an undue advantage over them
and are able to price products
cheaper
Of the 117 GW of
projects ordered for the 12th Five year plan , almost 45 % were bagged by foreign
players led by the Chinese
Two days back , a leading Tyre
Manufacturer also complained about Chinese imports out-pricing locally made tyres
When will Indian Manufacturers accept that , in today’s globalized
economy , there can be no such thing as a “ Level Playing Field “ ?
Here is how I look at it :
·
LevelPlaying Field is a Double Edged Sword ( 08 Feb 2017 )
=======================================================
·
EverythingElse being Equal ( 30 April 2017 )
=======================================================
·
TheChinese are coming ! ( 19 Dec
2015 )
=======================================================
·
Surrogate Cow Farms ? ( 26 Nov
2015 )
=======================================================
·
Competitive Advantages are Transient ( 11
Aug 2015 )
=======================================================
·
How China makes Cheap ( 08
Nov 2014 )
09 July 2017
www.hemenparekh.in
/ blogs
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