By 2022, the installed power capacity in India is expected to reach 350 gigawatt (GW), from 243 GW in 2014, on the back of increasing industrialisation and economic development. The total market size of electrical machinery in India is anticipated to reach USD100 billion by 2022. The Electrical Machinery sector consists of generation, transmission and distribution machinery. The Transmission and Distribution market expanded at a compound annual growth rate (CAGR) of 6.7% over FY07-13. Boilers (16%), Cables (15%) and Transmission Lines and Conductors (12%) account for a large chunk of the revenue. The generation equipment market is expected to expand at a CAGR of 12.7% over FY12-22.
The Government of India has de-licensed the Electrical Machinery industry and has allowed 100% foreign direct investment (FDI) in the sector. EEPC India, under the aegis of Ministry of Commerce and Industry, Government of India, has identified the Electrical Machineries, Equipments and Components sector as one of the four focus sectors under ‘Brand India Engineering.’
‘Brand India Engineering’ is an initiative being implemented by EEPC India under the aegis of the Ministry of Commerce and Industry, Government of India, in close cooperation with the industry to enhance Indian engineering exports, by highlighting and showcasing Made in India products and their capabilities in the global market. The initiative involves a 360-degree approach in promoting the branding of Indian engineering products.
India has become an indispensable global business partner in the 21st century. Recently, India achieved global limelight when it successfully launched its maiden mission to Mars in the very first attempt. Indeed in today’s environment of high competition, EEPC India’s E-Catalogue offers the most promising Indian engineering products and brands towards building quality, reliability and sustainable business partnerships.
Indian engineering is driven by creativity, sustainability, innovation and dependability across diverse range of products and solutions. Its core strengths rest with Small- and Medium-scale enterprises, which form its competitive backbone. The E-Catalogue provides a one-stop solution to save upon the most valuable asset in engineering business, i.e. time in searching for the sustainable and reliable business partnerships, and collaborate with India’s growth story.
Ms. Priyanka Chakraborty,
: (+91 80) 22261396/22268669