Electrical equipment industry shows signs of revival – Feedback

Electrical equipment industry showed signs of revival growing 6.8 per cent last fiscal over previous year on the back of the government’s rural electrification and transmission system strengthening drive resulting in improved order flow.

Power distribution and transmission equipment like transformers, conductors, meters, cables and switchgears registered good growth as the government is enhancing transmission capacity and pushing states to improve distribution network. The industry is, however, cautious over investment plans for next atleast two quarters but expects consolidation through mergers and acquisitions, said Indian Electrical & Electronic Manufacturers Association (IEEMA).

http://economictimes.indiatimes.com/industry/cons-products/electronics/electrical-equipment-industry-shows-signs-of-revival/articleshow/52842581.cms

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