Promonique
Promonique
Rayzon
Rayzon
EPR Subscription Banner
EPR Subscription Banner
Home » Experts Column » Transformer industry is in poor health

Transformer industry is in poor health

By November 29, 2017 3:49 pm IST

Transformer industry is in poor health
.

Sahaj J Patel, Managing Director, JDS Group of Companies

The government has taken a lot of initiatives to revive the transformer industry. However, Sahaj J Patel, Managing Director, JDS Group of Companies believes that, there are still policy issues which have to be rectified before we can see the initiatives delivering.

He adds, “Many of the projects which were initiated in pre-GST time have been stuck as these contracts need to be amended. Anti-Profiteering clauses along with cash flow problem aggravated by the introduction of GST is still holding back the industry.”

Further, he says, “The changes in the quality benchmarks and policies have forced the companies to invest in improving the standard of their products and infrastructure. This has left the companies cash stripped. As the changes in quality standards were mandatory and also frequent, it did not give companies sufficient time to recover their investment.”

DDUGJY & IPDS: The potential game changers
While sharing about initiatives that will change the game in 2017, Sahaj says, “The recently launched schemes Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS) have the potential to change the game.”

Advertising

EPR Android App Banner

Need to stabilise health of the industry Briefing on the major changes observed during the past one year in terms of improving the health of the industry, Sahaj says, “As of now there is no measured or noticeable changes as far as the health of the industry is concerned. In-fact, it has deteriorated over the last couple of years due to the regular changes. Let’s hope it stabilises and improves in the future.”

Doubling the figures
Sahaj reveals that the last year was tough for his company especially due to various policy decisions from demonetisation to GST to mandated quality standards, all taking a toll on the industry. “In spite of these setbacks we performed ‘Ok’ and grossed about Rs 8 crore. We expect to double that this year.”

Describing about strategies to remain competitive in the market Sahaj says, “We are accredited by NABL. There are only 7 players PAN India with this accreditation which differentiates us from the market. There are several quality initiatives we have taken up which will greatly benefit us in the short-and long-term.”

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Android App
Android App

Events

RenewX
RenewX
Wiretech 2025
Wiretech 2025
Power Gen
Power Gen
India Green Energy Expo
India Green Energy Expo

Our Sponsors

Our Sponsors

Wika
Wika
Ramelex
Ramelex
Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Akansha
Akansha
Andritz Hydro Pvt Ltd
Andritz Hydro Pvt Ltd
Vyoma Switchgear
Vyoma Switchgear
Skipper Limited
Skipper Limited
Joint Well
Joint Well
Kp Group
Kp Group
Credence Solar
Credence Solar
Grew Solar
Grew Solar
Nirmal
Nirmal
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Novasys
Novasys
HPL Electric Power
HPL Electric Power
Sun Bond
Sun Bond
Supremesolar
Supremesolar
Vsole Solar
Vsole Solar
Elev8 Lift
Elev8 Lift
Power trac Group
Power trac Group
Omicron
Omicron
Ganz Electric
Ganz Electric
Eplan
Eplan
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Eaton
Eaton
A-1 ELECTRICALS
A-1 ELECTRICALS
Ashone Technologies
Ashone Technologies
MENNEKES Electric India
MENNEKES Electric India
PRAMA HIKVISION INDIA
PRAMA HIKVISION INDIA
Motwane Manufacturing
Motwane Manufacturing
Sun Cables
Sun Cables