Demand for power transmission and distribution equipment correlates with investment in transmission and distribution network. India is on the verge of becoming a major power nation among developing economies, and increasing demand for electricity, new power generation capacity additions and expansion of transmission and distribution infrastructure have become major growth drivers for the sector.
Besides, India has a number of advantages in the manufacturing sector that make it an attractive investment destination. The sector has been witnessing increasing entry of global players through various routes, such as the Hitachi-ABB deal.
Apart from a large and growing domestic market, India also has a well-developed supplier base, availability of skilled manpower at relatively lower costs, supportive regulatory environment and good support infrastructure. Read More
Latest posts by The Economic Times (see all)
- Green power fights heat wave blues - June 15, 2019
- India’s flat May fuel demand points to sluggish economy - June 15, 2019
- Jharkhand: JREDA sets 5MW power target from solar rooftops this year - June 14, 2019