MUMBAI: Indian electrical equipment industry has retained its sparkle and maintained growth momentum in the first quarter of the year 2010-2011 said Mr P V Krishna, director general, IEEMA.

The Indian Electrical equipment industry has shown impressive growth of 17.42 per cent during the 1st Quarter of 2010-2011. In the first quarter of 2009-10 the growth registered was just 1.24 per cent. Indian Power T&D Equipment is equipped to take on the challenges to achieve the targets in the remaining 2 years of the 11th plan. IEEMA members have ramped up their production capacities and are fully equipped to provide quality products at competitive prices, said Mr P V Krishna.
Substantial improvement in demand led growth experienced in the 2nd half of 2009-10 resulted in a sharp rise in the performance. During this period, the industry grew by about 20 per cent. The fourth quarter of 2009-2010 also saw a satisfactory growth of 30 per cent and above in segments like rotating machines, switchgear and cables due to economic recovery in sectors like real estate and infrastructure and in industrial expansion.  IEEMA, the apex body representing the Indian Electrical Equipment industry, which monitors production and sales data of its members on a regular basis, informed that the growth figures reported were in terms of volume and thus represented real increase
in output.