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Last Updated : Jan 19, 2018 11:20 AM IST | Source: CNBC-TV18

By building scale, India could become a hub for electrical manufacturing: Dixon Tech

Across all the products, the company is on the lookout for growth, new customers, said Sunil Vachani, Promoter & Chairman, Dixon Technologies.

CNBC TV18 @moneycontrolcom

The electrical manufacturing space is in focus with Amber IPO seeing a good response.

Talking in details about the industry dynamics, Sunil Vachani, Promoter & Chairman, Dixon Technologies said as far as the industry is concerned, the times are really exciting. Companies in the industry that have come to the capital markets have got a very good response, he said.

There is huge potential for growth in the industry because the penetration levels are still low, said Vachani. For example only 50 percent people own LED Television and even less number of people own white goods.

Moreover, with the government keen on promoting Make in India, more and more consumption will be manufactured in the country.

The company has been growing on all parameters be it revenues, EBITDA, PBT and hope to maintain the growth momentum, said Vachani.

According to him, the custom duty increase on the finished product is a big positive and provides the industry a level playing field.

Till today, India manufacturers faced some disability factors like high logistic costs, lack of component eco system, higher power and interest cost but over a period of time Indian industry will build scale and these disability will go away and India may going forward become a hub for electrical manufacturing for the world.

Across all the products, the company is on the lookout for growth, new customers and aims to double the capacity in some segments.
First Published on Jan 19, 2018 11:06 am
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