Home > Capital Goods, Electrical Equipments, Power > Indian Electrical Equipment Industry: On A Growth Path

Indian Electrical Equipment Industry: On A Growth Path

Investment projects had witnessed a set back during the financial crisis in 2008-09. This had an adverse impact on the related sectors as well. One such sector includes the Electrical Equipment Industry.

This Rs 52,000-crore industry includes cables, switchgears, transformers and other large electrical products. The industry recorded a marginal 1.7% growth in demand during April-September 2009. However, the demand picked-up in the second half and reached 20% compared to the year-ago level, according to IEEMA.

Power, textile, steel and cement industries mainly contributed to this growth. The growth seems sustainable as most of the transmission and distribution projects have gathered pace, mainly the ones belonging to Power Grid Corporation.

Government’s thrust on power sector development is also expected to bolster demand for power sector equipments and related services.

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