02nd June 2017, Mumbai: LV Switchgear division meeting was held at IEEMA office Mumbai. 12 members attended from 8 member companies. Members attended through webinar also. The discussions were on status of Industry along with revision in base year of all India Wholesale Price Indices (WPI) from 2004-05 to 2011-12. IEEMA uses WPI in monthly PV Circulars of  some products and highlighted that as per new base year the Ferrous metals existing as per base year 2004-05 in price variation formula will be replaced by Basic materials. Members noted that overall LV switchgear Industry has grown by 22.3%.