Enviable Growth in India's Electrical Equipment Market

The electrical equipment market in India is seeing growth that manufacturers and distributors in the flat North American market can only dream of. A story in the Economic Times (an India-based newspaper) reports that economic recovery in the country's manufacturing sector is being led by automation projects and electrical equipment manufacturing, which saw sales in some product categories grow 30 percent in the fourth quarter.

“This demand growth could likely see a two-fold increase in the next 2-3 years,” said Sunil More, director-general of the Indian Electrical and Electronics Manufacturers Association (IEEMA), adding that this was due to a pick-up in housing and construction, the Economic Times reported.

Economic Times story