indian manufacturers

Indian Transformer Makers Shrug Off China Re-entry; Capacity Ramp-Up and Strong Demand Offset Competition

The Indian government granted a two-year exemption under the Public Procurement Order for four Chinese-owned manufacturers—TBEA, Nanjing Electric, New Northeast Electric, and Taikai Electric—to bid for local power transmission projects. Indian transformer makers, however, remain undeterred due to ongoing capacity expansions and strong demand, with only TBEA having significant capacity to compete. The exemption requires these Chinese entities to manufacture in India with 50-60% domestic content.