Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

“Traders are facing stiff competition from cheap Chinese electronic goods”

- Advertisement -

Having a wide distribution and traders’ network, Delhi’s Lala Lajpat Rai market is a one-stop market for electronics hardware and other related products. With thousands of shops located in the market, traders face tough competition when it comes to selling goods at competitive prices. Added to this, they also face stiff competition from cheap electronic hardware imports.

All India Radio & Electronics Association (AIREA), of which the traders are members, has been actively working for the welfare of this community. In a conversation with Electronics Bazaar, Jagbir Singh Bira, president, AIREA (NZ), talks about the role of the association and the issues faced by traders of electronics hardware and products in Delhi.

jagbir singh

EB: How is the electronics B2B industry doing in the northern region?

- Advertisement -

Delhi is home to one of the biggest electronics market in Asia, which is the Lala Lajpat Rai market. Here, the buyers get a lot of choice for all sorts of electronics hardware and products. The business in the region is going fine but the main issue is the increasing competition from cheap Chinese electronics hardware and products, which are of low quality. Since India is a price sensitive country, buyers prefer low cost products over good quality. These buyers are still to be made aware of the fact that quality should be given preference.

EB: How are the AIREA north zone members doing?

AIREA’s members are basically dealers and distributors of electronics hardware and products based in the Lala Lajpat Rai market. Although they are able to earn profits, the competition from Chinese hardware and products has led to a decrease in the profit margins of the traders. If the growth of this unorganised market is not checked, then the profit margins of the traders will continue to be squeezed.

EB: What is the role of AIREA in the electronics industry?

For the last five to six years, AIREA has been working to bring all electronic goods, parts and components into a single category with a uniform rate of tax, thus avoiding confusion and anomalies in the classification of electronic goods. AIREA has already been successful in bringing all electronic parts and components into a single category. Efforts are now on to bring all electronic goods into a single category.

EB: What, according to you, can India do to compete with China?

At the moment, we lack the entire ecosystem needed to compete with China. The amount of manufacturing done in India is very low compared to China, and India will take a lot of time to pick up manufacturing. The other issues that need to be addressed are Indian labour laws, corruption and red tape. We should have a hire and fire policy and not the protective labour laws that we have at the moment.

EB: What according to you, can India do to cut down on electronics imports?

Imports can only be cut down once we start domestic production on a bigger scale but we don’t have an ecosystem for that in India. We are not able to compete with China on price, our manufacturing costs here are very high and it is we who made China supply low quality goods to the Indian market by bargaining on the price. China is supplying to the US and Europe as well but the quality of what they export to that region is superior because Western buyers don’t bargain on prices alone.

EB: What are the other problems being faced by the traders in Delhi?

The main issue faced by the traders is the imposition of value added tax (VAT) by the government. Most of the items in the electronics industry are highly taxed. Therefore, as and when the government announces any hike in the VAT, we take up the issue with the VAT commissioners on behalf of all the members.

Another major problem faced by the traders, particularly in Delhi, is the bad infrastructure of the local electronics markets which leads to traffic snarls and lack of parking space. The parking problem in many traders’ markets cause huge losses because the lack of space to park their cars, keeps many customers away from the market. We feel that the government should address this problem immediately.

A choked drainage system, shortage of water, ill-maintained roads and lack of public conveniences are some other issues faced by the traders.

- Advertisement -

Most Popular Articles

Infineon, Stellantis Partner To Advance Next-Gen Vehicle Power

0
With a dedicated Joint Power Lab and secured supply agreements, the partnership is set to drive transformative advancements in EV performance, cost-effectiveness, and the...

Audi Launches New EV Brand In China, Drops 4-Ring Logo

0
On Thursday, Audi introduced a new electric vehicle brand in China, branding the cars solely with the name 'AUDI' instead of its traditional four-ring...
IIT Bhubaneswar

IIT Bhubaneswar Partners MOSart Labs To Boost Engineering Skills In Chip Industry

0
The aim is to help students with essential skills in areas such as very-large-scale integration (VLSI), semiconductor technology, analog and digital design, validation, and...
Jaguar concept EV

JLR Highlights Its Biggest Reinvention With The Concept Car Jaguar Design Vision

0
The four-door GT is anticipated to be Jaguar's most powerful model to date. Its targeted range is approximately 430 miles (700 kilometers), and its...

ISE Labs Expands With New OSAT Facility In Mexico

0
Turbocharging its growth in North America’s tech hub, ISE Labs is set to build an OSAT semiconductor facility in Jalisco, Mexico, eyeing to create...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Infineon, Stellantis Partner To Advance Next-Gen Vehicle Power

0
With a dedicated Joint Power Lab and secured supply agreements, the partnership is set to drive transformative advancements in EV performance, cost-effectiveness, and the...

Audi Launches New EV Brand In China, Drops 4-Ring Logo

0
On Thursday, Audi introduced a new electric vehicle brand in China, branding the cars solely with the name 'AUDI' instead of its traditional four-ring...
IIT Bhubaneswar

IIT Bhubaneswar Partners MOSart Labs To Boost Engineering Skills In Chip Industry

0
The aim is to help students with essential skills in areas such as very-large-scale integration (VLSI), semiconductor technology, analog and digital design, validation, and...
Jaguar concept EV

JLR Highlights Its Biggest Reinvention With The Concept Car Jaguar Design Vision

0
The four-door GT is anticipated to be Jaguar's most powerful model to date. Its targeted range is approximately 430 miles (700 kilometers), and its...

ISE Labs Expands With New OSAT Facility In Mexico

0
Turbocharging its growth in North America’s tech hub, ISE Labs is set to build an OSAT semiconductor facility in Jalisco, Mexico, eyeing to create...

Learn From Leaders

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Startups

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...