ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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which means that the problem of under-utilisation of capacity will persist. Faced with this prospect, not only the existing producers but also the financial institutions, which are concerned over the mounting arrears on account of past loans from electric lamp units, have been reportedly urging the government to stop the HMT from going ahead with the implementation of its GLS lamp project. The benefits of keeping HMT out will, however, accrue largely to the established large manufacturers, especially Philips, who now dominate the industry. This is an important consideration which the government needs to keep in mind while taking a final decision on the HMT project.

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