Aggressive competition amongst players will constrain margin recovery, despite healthy revenue growth expectations in FY2025e, says Icra
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The Indian MCE industry imports nearly 50 per cent of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others
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The government’s continued infrastructure push and adequate order book position will result in double-digit revenue growth (12 to 15 per cent) for the Indian construction sector in FY2025e
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