India must boost local production of electrical equipment or resign to import dependency
Develop a global footprint: In the global electrical-equipment industry, solar photovoltaic (PV) products, cables and wires, transformers, switchgears and batteries account for $500 billion in annual revenue, of which India’s share is under 2%; China’s is nearly 30%. Tripling our share in key categories like cables, transformers and solar PV is not beyond reach.
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