SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 27 Sep, 2014  

Power Lines 2 THMB Power equipment post 6 percent half-year growth on domestic demand

Power Lines 2
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 18 Dec, 2013
 India's electrical equipment industry recorded a six percent growth in the first six months of 2013-14, on the back of rising domestic demand.

"India’s Rs.130,000 crore electrical equipment industry has witnessed a six percent growth in the first six months (H1) of 2013-14, due to a rise in domestic demand," the Indian Electrical and Electronics Manufacturers' Association (IEEMA) said in a statement in Mumbai Tuesday.

“The Indian electrical equipment industry has shown some revival in the first half of the current fiscal, after a negative growth of 7.8 percent in production in 2012-13," said Raj Eswaran, president, IEEMA.

"Domestic demand, coupled with increase in exports, has managed to keep the industry afloat," he added.

After a weak growth in the first quarter of the current fiscal, thr electrical equipment industry registered 9.8 percent production growth in the second quarter ending September due to a rise in domestic demand, the statement said.

"This has led to a moderate growth in H1 of FY’13-14 as compared to H1 of FY’12-13," IEEMA said.

Some progress in power transmission and sub-station projects, power generating stations, and orders from select core sectors like construction and real estate have helped in the moderate growth, it added.

"The industry needs to build a robust export portfolio so that it can optimally utilise its built-up capacity which is currently under-utilised across all sub-sectors”, the IEEMA president said.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter