Thursday, July 10, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Electrical equipment sector charts 3-pronged plan for global scale, export boost

by G Balachandar
December 7, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


The Indian electrical and allied electronics equipment industry has identified three key areas for future growth as also to boost exports with a strong global flavour.

The industry seeks to improve on quality, safety, and reliability of the products that it produces, grow the export pie and be part of the global supply chain and innovate in emerging technologies suited for both India and overseas.

Related Stories
Cyber crimes on rise with growing digitisation

Around 14 lakh cyber crimes were reported in 2021 in India

“Our industry is now at the centre of the transition from a fossilised economy to a clean economy in India and globally. After China being the factory of the world in the past 20 years, it is increasingly clear now that the developed economies believe in the China+1 strategy and nobody offers the scale that India offers. India is where the action is. So, our industry has also chalked out growth plans accordingly,” Rohit Pathak, President, The Indian Electrical & Electronics Manufacturers’ Association (IEEMA) told businessline.

Great opportunity

At present, the Indian electrical and allied electronics equipment industry is estimated at $40-50 billion. There is a great opportunity for us to develop solutions not just for India, but also for the world, Pathak said. India has all capabilities to be the beneficiary of China+1 outcomes, the industry believes.

“We may not have scale today, as we are not so much focused on global markets. But if we can create the scale of large exports in this decade, we will be able to position ourselves in the global supply chain for electricity-related equipment. We have only a couple of years to plug in the gaps to be part of the global supply chain otherwise some other country will fill that place,” he said.

Key focus areas

The Indian electrical and allied electronics equipment industry has taken up quality as one of the key focus areas as the bar for quality in export markets is very different from what is required in the domestic market.

Related Stories
Shifting sands in India’s diaspora

While remittances from the US, UK and Canada are growing, inflows from Gulf nations will continue to be significant

The  industry exports about $8-10 billion worth of goods now. “In exports, we do only 1/10th of the potential that we have. The opportunity to export to the U.S. and U.K. is significant. We can get to the quality of what these markets require and serve them better than others, said Pathak.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on December 7, 2022





Source link

Tags: 3prongedboostChartsElectricalequipmentexportGlobalPlanscaleSector
Previous Post

Market Rally Wipes Out Powell Gains As Apple, Exxon Skid; What To Do Now

Next Post

Sen. Raphael Warnock Wins Georgia Runoff, Handing Democrats A 51-Seat Majority

Related Posts

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

by David Johnson
July 10, 2025
0

This text was written byObserveDavid A. Johnson is founder and principal of Endurance Capital Administration, a New Jersey Restricted Legal...

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

TCS Q1 Results: Profit rises 6%, margins beat estimates; EBIT flat QoQ

by zee business
July 10, 2025
0

Tata Consultancy Providers Ltd. (TCS), India’s largest IT companies firm, reported its monetary outcomes for the April–June quarter (Q1FY26) after...

Mevo Carmel in pole position to house Nvidia Israel campus

Mevo Carmel in pole position to house Nvidia Israel campus

by Assaf Gilead
July 10, 2025
0

Regional councils in northern Israel are battling it out to draw Nvidia, within the wake of the US chip...

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

Smartworks Coworking IPO Opens Today — Check Day One Bids, GMP, Other Details

by Shubhayan Bhattacharya
July 10, 2025
0

On the constructive facet, the Smartworks Coworking boasts a major presence with 50 facilities throughout 15 cities, providing a considerable...

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

OpenAI builds Chromium browser to challenge Google Chrome’s ad monopoly

by Euro Times
July 10, 2025
0

OpenAI is growing its personal AI-powered net browser constructed on Google’s Chromium platform, aiming to problem Google Chrome’s dominance and...

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

Smartworks raises Rs 173.64 cr from anchor investors ahead of IPO

by Euro Times
July 9, 2025
0

Smartworks Coworking Areas has raised Rs 173.64 crore from anchor traders forward of its preliminary public supply (IPO). In a...

Next Post
Sen. Raphael Warnock Wins Georgia Runoff, Handing Democrats A 51-Seat Majority

Sen. Raphael Warnock Wins Georgia Runoff, Handing Democrats A 51-Seat Majority

How We Beat The S&P 500 By 25% Year To Date With Dividend Stocks

How We Beat The S&P 500 By 25% Year To Date With Dividend Stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

July 10, 2025
Why Is Every Natural Disaster Being Politicized?

Why Is Every Natural Disaster Being Politicized?

July 10, 2025
Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

Court in Moldova Extends House Arrest of Gagauzia Head Gutsul for 30 Days

July 10, 2025
Pentagon to become largest shareholder in rare earth magnet maker MP Materials

Pentagon to become largest shareholder in rare earth magnet maker MP Materials

July 10, 2025
Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

Saratoga Investment Q1: ROE Beating The BDC Industry Average (NYSE:SAR)

July 10, 2025
The Emptiness of AI Ethics

The Emptiness of AI Ethics

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

Why Is Every Natural Disaster Being Politicized?

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In