‘Made in India’ electrical equipment Going Global: IEEMA
Indian Electrical & Electronics Manufacturers’ Association (IEEMA), the apex association of electrical equipment manufacturers in India, said that the prospects of exports of the ‘Made in India’ looks good for the domestic players and is expecting doubling exports in the Three Years. India’s INR 1.30 lakh crores electrical equipment industry has after four consecutive quarters of negative growth, shown a 2% positive growth in the first quarter of the current fiscal (April-June, 2013-14) largely attributed to increase in exports of electrical equipment from India. IEEMA as the apex body of the electrical equipment sector in India is fighting against the onslaught of Chinese imports which currently enjoys 45% market share.