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Electric equipment sector seeks govt's intervention for relief against dues

IEEMA is the representative body for the industry

Shreya Jai 

Slowdown blues for electrical equipment industry as Saubhagya ends
In a letter to the power ministry, the Indian Electrical & Electronics Manufacturers Association (IEEMA) requested the Centre to expedite early payment of legitimate bills of equipment suppliers | File photo

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.
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In a letter to the power ministry, the Indian Electrical & Electronics Manufacturers Association (IEEMA) requested the Centre to expedite early payment of legitimate bills of equipment suppliers. is the representative body for the industry. Business Standard has reviewed the letter. It said the electrical industry is heading towards a slowdown. represents 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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First Published: Thu, March 19 2020. 23:20 IST
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