IEEMA Foresees $130B Electrical Industry by 2030
ECONOMY & POLICY

IEEMA Foresees $130B Electrical Industry by 2030

The Indian Electrical and Electronics Manufacturers' Association (IEEMA) envisions substantial growth for the country's electrical equipment industry, projecting it to reach $130 billion by 2030. This optimistic outlook includes a significant surge in exports, according to IEEMA Chief.

The projection underscores the industry's potential to contribute significantly to India's economic landscape. The ambitious target reflects a combination of domestic demand and an anticipated boost in international exports. As the electrical equipment sector gears up for expansion, IEEMA's foresight positions it as a key player in India's economic trajectory.

IEEMA emphasizes that the industry's growth will not only be driven by robust domestic demand but also by an amplified focus on exports. This strategic approach aligns with broader economic objectives, tapping into global markets to enhance the sector's competitiveness and establish India as a key player in the international electrical equipment domain.

The $130 billion target signifies a considerable leap from the current industry size, showcasing the sector's potential for innovation, investment, and job creation. As India continues to position itself as a global manufacturing hub, the electrical equipment industry's projected growth serves as a testament to the sector's resilience and adaptability in meeting evolving market demands.

The Indian Electrical and Electronics Manufacturers' Association (IEEMA) envisions substantial growth for the country's electrical equipment industry, projecting it to reach $130 billion by 2030. This optimistic outlook includes a significant surge in exports, according to IEEMA Chief. The projection underscores the industry's potential to contribute significantly to India's economic landscape. The ambitious target reflects a combination of domestic demand and an anticipated boost in international exports. As the electrical equipment sector gears up for expansion, IEEMA's foresight positions it as a key player in India's economic trajectory. IEEMA emphasizes that the industry's growth will not only be driven by robust domestic demand but also by an amplified focus on exports. This strategic approach aligns with broader economic objectives, tapping into global markets to enhance the sector's competitiveness and establish India as a key player in the international electrical equipment domain. The $130 billion target signifies a considerable leap from the current industry size, showcasing the sector's potential for innovation, investment, and job creation. As India continues to position itself as a global manufacturing hub, the electrical equipment industry's projected growth serves as a testament to the sector's resilience and adaptability in meeting evolving market demands.

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