Electrical equip industry growth drops
Growth rate of the Indian electrical equipment industry has decelerated to 6.6 per cent in 2011-12 as compared to 11.3 per cent and 13.7 per cent in 2009-10 and 2010-11 respectively according to data compiled by the Indian Electrical and Electronics Manufacturers? Association (IEEMA). Sluggish growth in the power sector and the escalating imports of electrical equipment is significantly impacting the commercial viability of the domestic electrical equipment industry and will have severe long term consequences. Growth in the capacitor, switchgear and transmission line sectors in 2011-12 turned negative.

Ramesh Chandak, President, IEEMA
, said, ?In India the focus is largely on increasing the power generation capacity. There has been a continuous under-investment in the T&D sector. This lopsided investment pattern needs to be corrected; this will resolve some of the power problems and will also provide balanced growth.?