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Pumps And Valves: Growing At a Steady Clip
Assurance about growth is like music to the ears. So is the case with the Indian pumps and valves industry. According to Frost and Sullivan, the compounded annual growth rate (CAGR) for the pumps and valves industry would be between 15-17% for the next five years. The pump industry is growing at the rate of 15% per year. The organised sector size is around Rs 2,500 crore and the unorganised is around Rs 2,500 crore.Read more