Quotes by Mr. VP Mahendru, CMD, EON Electric on Third Bi-Monthly Monetary Policy, 2016-17

“The RBI was expected to adopt a status quo on policy rates in its latest review of the monetary policy owing to inflationary pressures. Over the last three months, inflation has been on the higher side and hence there was limited headroom for further rate cuts. However, a rate cut would have definitely helped in sustaining the progressive performance in manufacturing which has reached a four-month high in July as per the latest PMI data. A rate cut would have improved liquidity in the economy and spurred demand leading to sustained economic growth..”

About EON Electric

Established in 1989, the Noida-headquartered company manufactures a wide range of energy-efficient electrical products, transforming itself into a multi-product organisation. Its manufacturing plants at Haridwar produce LED based Lighting & Luminaires, world-class Fans, Wires & Cables, Lithium Ion Batteries and other electrical items. Presently, the Company has 20 regional offices and more than 200 Sales/Marketing Executives and Engineers to support 500-plus Dealers/ Distributors across India. EON products are available in all major markets of India and enjoy National/International Certifications of BIS and ISO-9001. The Company’s vision is to be amongst the top five domestic leaders by FY 2020 in the LED lighting segment.

We would greatly appreciate if Mr. Mahendru’s quote could be incorporated in case you are planning a story on industry reactions following the development.