Saturday, 8 July 2017

Crying Wolf won’t Help !



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 :


·        


=======================================================

·         Everything Else being Equal  ( 30 April 2017 )


 
=======================================================
·         The Chinese 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






No comments:

Post a Comment