Power Equipment Industry Grows by 4.25% in the year 2016-17

摘要

The electrical and industrial electronics industry has witnessed a 4.25% growth in the year 2016-17 over the previous year. The industry exported INR 38,580 crore (USD 6 billion) worth of electrical equipment in 2015-16 (INR 35,276 crore April to February in 2016-17 - USD 5.25 bn). The growth in exports is helping the industry to grow especially in power transformer & high voltage switchgear products, energy meters and cables. Policy changes and various initiatives undertaken by the industry and government are eventually showing signs of revival for the sector.