The apex body representing the power generation, transmission and distribution sector is targeting to ramp up exports, currently at $5 billion annually, to $10 billion in three years.
Growth
India’s Rs 1.30-lakh crore electrical equipment industry has, after four consecutive quarters of fall in revenue, shown a 2 per cent growth in the first quarter of the current fiscal, which has been largely attributed to increasing exports.
The Indian Electrical & Electronics Manufacturers’ Association’s biannual international event Elecrama-2014, which is slated to be held in Bangalore next month , has adopted “Go global” as its principal theme.
The show, dubbed as the biggest in the world, would have around 450 approved foreign buyers from Africa, West Asia, ASEAN, Latin America, SAARC and Iran.
Indigenous technology
The Union Ministry of Commerce supports the effort and the industry under its market access initiated scheme.
The specially hosted package will entail five one-to-one meetings with the Indian sellers, complimentary economy class air-tickets from the nearest international airport of the guest country to Bangalore, 3-day and two-nights hotel stay at the venue, including transport and visa recommendation letters.
The event attracted 234 buyers, mostly from sub-Saharan Africa, in 2012. Some 683 Indian seller firms represented the suppliers.
It had generated business worth around Rs 200 crore and some Rs 500 crore worth of business were in the pipeline, IEEMA officials said at a road show here.
This time, the 5-day event will showcase indigenously developed products and technology . The expo begins January 8.