Indian transformer makers shrug off re-entry of China; Capacity ramp-up and strong demand offset competition

Indian transformer producers exude confidence in the face of new rules that allow Chinese competition. Their strong order books and ongoing capacity expansions illustrate their resilience. Many Chinese companies lack substantial manufacturing presence in India, making it harder to compete. Furthermore, government policies mandating significant domestic content in imported components ensure that local manufacturers maintain a competitive edge.

Raccontata daeconomictimes.indiatimes.com