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Electrical Equipment Grows by 4.85% in Q4: IEEMA; Domestic Industry will support “Make In India” Campaign
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17th June 2016: The electrical and industrial electronics industry has witnessed a 4.85% growth in Q4 of FY 2015-16. The growth is mainly driven by domestic demand although there has been increase in exports for Transformers, Cables, Conductors, MCBs, Meters, Insulators etc. Policy changes and various initiatives undertaken by the industry and government are eventually showing signs of revival for the sector. The data is compiled by the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the apex Indian industry association of manufacturers of electrical, industrial electronics and allied equipment. The production and sales data is collected from its member organisations, which represent 90 percent of the entire sector.

• Addition to Power Generation during Apr-Mar FY16: 23,977 MW
• Total Addition till Mar 2016 during 12th plan : 84,991 MW
(Achievement of 95% against 12th Plan Target) (excl. New Renewable Energy)
• Total installed Capacity at the end of March 2016 : 2,98,060 MW
• the clean energy sector achieved capacity addition of 6,938 MW in FY 16 led by Solar (4.4 GW)
• Clean energy addition till Mar 2016 during 12th plan : 17,813 MW

Mr Babu Babel President, IEEMA says, “Liquidity in the system seems to be increasing, resulting in release of orders; however there is need to further boost funding as large number of projects in transmission need to materialize. The decline in order book position of Transformers indicate this. The Industry still is cautiously optimistic for next at least 2 quarters based on the enquiries generated. Industry is also eager for mergers & acquisitions for technology, upgradation and to evolve a differentiating factor in the fierce competition. “

Mr Sunil Misra, Director General, IEEMA is of the view that “ Q4 results disappoint the industry with just 4.85% growth over same period in the previous year. The Growth can be seen in sectors like Conductor, Transformer, Meters etc while there is moderate growth in Switchgear, RM, Cable etc.
While the government’s initiatives can result into some positive growth in recent times. The central theme is about transforming India into a manufacturing hub with world class technology. IEEMA being one of the proud partners of the ‘Make in India’ campaign has been vigorously pursuing with the policy makers to promote made in India products with state-of-the-art technology.”

IEEMA is working closely with the Ministry of Power for implementation of schemes like Deen Dayal Upadhyaya Gram Jyoti Yojana and Integrated Power Development Scheme

Below is Quarterly Growth Index for FY15-16

Quarterly % growth Index FY15-16

Product Q1 Q2 Q3 Q4
LT Motors -3.7 1.8 -5.5 -9.0
HT Motors 24.1 1.5 23.4 30.6
Alternators 0.5 9.8 -1.2 4.0
FHP Motors 4.5 13.8 8.5 -18.6
Rotating Machines 3.9 6.4 2.8 -2.0
Power Contactors -7.7 -0.8 -2.2 8.1
LT Circuit Breakers 3.0 1.3 -4.6 11.7
MCB 34.2 40.0 -8.4 13.5
S/F & F/S Units -5.8 11.8 32.1 7.2
LV Switchgear 10.7 14.0 -3.9 11.3
HV Switchgear -5.3 7.8 -0.5 1.7
Switchgear 7.1 12.6 -3.2 9.4
Power Cables: PVC 11.3 0.6 18.9 1.6
Control Cables & other Special Purpose Cables 36.2 0.9 12.8 -8.9
Cables 19.7 0.7 17.0 -1.6
Power Transformers 6.4 12.3 38.9 24.8
Distribution Transformers 27.1 -3.1 -1.2 2.6
Transformers 19.2 2.8 15.9 12.0
HT Capacitors 8.1 35.4 1.4 -24.9
LT Capacitors -18.0 -4.6 17.5 24.7
Capacitors -10.5 6.8 12.1 8.1
Energy Meters 37.8 2.7 8.6 5.9
Energy Meters 37.8 2.7 8.6 5.9
T.L.T. -25.6 -13.1 1.2 5.2
Conductors 47.3 24.3 0.7 8.3
Transmission Lines 12.9 6.7 1.0 6.5
Total 14.81 5.22 7.64 4.84

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