Electric Equipment Sector Seeks Govt's Intervention For Relief Against Dues
The electric equipment industry has sought the government’s intervention for relief against pending dues and imminent slowdown. The industry claims it has pending dues of Rs 15,000 crore, mostly from state government departments and is apprehensive that it will increase as economic activity slows because of COVID-19.
.is the representative body for the industry.
Business Standardhas reviewed the letter. It said the electrical industry is heading towards a slowdown.
IEEMArepresents makers of transformers, transmission towers, meters, cables, wires and several industry scale and consumer electric and electronic products. Most of the projects relating to strengthening of power distribution systems, installing of meters, new transmission projects would now be on hold.
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