Domestic pumpset manufacturers, especially those in the
organised sector, have seen nearly 30 per cent drop in sales in the first six
months of the financial year compared to the same period last year, according
to Bharat B. Patel, president of Indian Pump Manufacturers’ Association.
Mr. Patel and V. Lakshminarayanaswamy, president of Southern
India Engineering Manufacturers’ Association, told The Hindu here on Thursday
that fall in demand from the agricultural sector, slowdown of the construction
sector and increase in import of Chinese pumps are some of the reasons.
Imports have been going up gradually during the last two
years. Now, some of the domestic manufacturers too import Chinese pumps. These
products cost 30 per cent to 40 per cent less than the Indian pumps.
Replacement
There are about 2,000 pump set manufacturers in the country
and they manufacture mainly for the agricultural and domestic segments.
Replacement of old pump sets with new ones is the major
market in the agricultural segment. The associations have appealed to the Union
Government to extend tax benefits to energy efficient pumps made by the Indianmanufacturers, encourage replacement of old pumps with energy efficient ones,
especially in the agricultural sector, increase import duty on pumps and to
take measures to bring down the raw material costs for the pumpset sector.
News Source:http://www.thehindu.com/news/cities/Coimbatore/chinese-pumps-hit-domestic-manufacturers/article7778887.ece
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