India power gear makers bank on duties to fend off China rivals

* Say they are being hurt by taxes, Chinese export finance * India may announce duty on imported gear in budget * Overcapacity, intense competition pressuring prices By Ketan Bondre MUMBAI, March 2 (Reuters – Power equipment makers in India, which ramped up capacity in anticipation of a surge in demand only to see orders dry up and an influx of cheaper gear from China, may finally get help in the form of import duties in the upcoming federal budget

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