Addressing to Domestic Industry will support “Make In India” Campaign
The electrical and industrial electronics industry has witnessed a 13% growth in Q4 of FY 2014-15. The overall growth of the industry is 9.98% in this fiscal. Although higher imports still plague the industry but 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.
The major drivers in this growth are Cables & Conductors, LV and HV switchgear, while Power transformers and LT Motors continue to show declining trend. Rotating Machines continue to show negative growth on the back of huge rise imports of about Rs. 2,000 crs and even Capacitors have shown decline in demand. Demand from Power Generation, sub-station completions, Infrastructure and Realty sectors coupled with Exports is helping the industry to remain competitive.