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Indian electrical equipment industry records a growth of 13% in FY23: IEEMA
Indian Electrical and Electronics Manufacturers’ Association (IEEMA) compiled the data for the year 2023-24 which shows high growth in segments like transformers (17.5 per cent), cables (19.4 per cent), meters (15 per cent) and rotating machines (5.7 per cent).Read more
Energised power sector propelling transformer demand
India’s power & distribution transformer market is expected to reach $ 4.26 billion by 2030 from $ 2.14 billion in 2020. This article highlights some of the factors driving the growth of the transformer market due to changes in India's energy requirements.Read more
Vipul Ray is the new IEEMA President
Rohit Pathak, CEO, Birla Copper, takes over as Senior Vice President, while Hamza Arsiwala, Chairman & Managing Director, Stelmec Limited, will be the new Vice President for the year 2021-2022Read more
India imposes restrictions on bidders from neighbouring countries for public procurement
IEEMA welcomes this government policy on bidding regulations for national security reasons. Bidders from these countries will be eligible only if they are registered with DPIIT. Government has provided relaxation for procurement of COVID medical supplies till December 31.Read more
Budget’s infra focus to give fillip to electrical equipment industry
With the proposed capex of Rs 100 lakh crore over the next 5 years, it will further provide an impetus to infrastructure sector (highways, airports, railways, metros, ports, housing, etc). This will result in continued growth of the electrical equipment industry.Read more
Budget is a mixture of incremental and path breaking steps: IEEMA
With plans to give further impetus to infrastructure sector, the budget 2019-20 is expected to give a boost to the electrical equipment industryRead more
IEEMA expects measures to boost electrical equipment industry growth in budget
The apex association has recommended favourable tax structure to reduce manufacturing cost, zero basic customs duty on imports of CRGO Steel and amorphous alloy ribbon, etc.Read more
Tips to stop counterfeit menace in electrical equipment industry
The widespread menace of counterfeiting in India is acting as barrier in the growth path of manufacturing sector. Counterfeiting is a problem that needs to be addressed quickly and decisively.Read more
Indian Electrical equipment industry: Empowering growth
As the government gears up to meet the requirement of power to every household in the country, the investment in power generation and transmission & distribution is bound to increase. This will throw open a window of opportunity for domestic power equipment manufacturers.Read more
