ABB Group of companies operates in around 100 countries and employs about 130,000 people. ABB operations in India include 12 manufacturing facilities with over 10,355 employees.
Indian electrical equipment industry is estimated at Rs. 13,000 billion has grown at 6% in the 2014 despite under pressure from imports from China. The industry has been staying somewhat afloat on account of ongoing transmission and sub-station projects, power generating stations especially of renewable energy like wind, and R-APDRP projects. The bottom-line of most manufacturer are under pressure. The major reasons being delays in project execution, delay in payment resulting in unmanageable cash flow across the industry.
With depreciation of rupee, imports of critical inputs makes matter worse, as manufacturer cannot pass on the cost to consumer to remain competitive. After intensive consultations with all stakeholders, the Government of India launched the Indian Electrical Equipment In