Electrical Machinery

India is the third-largest producer and consumer of electricity worldwide

Last updated: March 8, 2024

India's power requirement is estimated to be 1,650.59 BUs in FY23, up from 1,275.53 BUs in FY21.

US$ 885 million

Budget allocation to the Solar Power sector

2-4%

Incentive on incremental sales over a period of 4 years for manufacturing of Laptops, Tablets, All-in-one PCs, and Servers

US$ 16.57 billion

Total FDI inflow between April-December 2022

100%

FDI allowed

4,17,668

Total Installed Capacity

1750 Billion Unit

Electricity generation target (Including RE) for the year 2023-24

1750 BU

The electricity generation target for the year 2023-24

US$ 100 billion

Total market size of electrical machinery in India

85%

of the electrical equipment industry is represented by transmission and distribution.

Indian Electrical Equipment Industry Mission Plan (2012-2022)

To make India the country of choice for the production of electrical equipment and reach an output of US$100b by balancing exports and imports
National Capital Goods Policy 2016

To strengthen the manufacturing sector in India
National Manufacturing Policy

To enhance the share of manufacturing in GDP to 25% and create 100m jobs over a decade

National Capital Goods Policy

Manufacturing is a key contributor to the economic development of any nation; adding jobs as well as increasing self-reliance. The National Manufacturing Policy envisaged manufacturing to contribute 25% to GDP and create 100 million jobs.
Investment in Social Infrastructure

The Government seeks to boost private sector investment in social infrastructure through a revamped viability gap funding scheme.
PLIs announced as part of Aatmanirbhar Bharat 3.0

Production Linked Incentives for ten sectors have been announced as part of the Aatmanirbhar Bharat 3,0 stimulus package.

Indian Electrical and Electronics Manufacturers Association

+91 11 2336 3013 / 14

Visit Website

An apex industry body representing manufacturers of electrical, industrial electronics and allied equipment in India

Engineering Export Promotion Council

(+91 11) 23353353

Visit Website

EEPC India has been the face of Indian engineering exports community

Department of Heavy Industry

Investment Opportunities

  • India has budgeted infrastructure spending of over US$1.5trn for 2019-24.
  • Massive power capacity addition in future is expected to augment key industries.
  • Opportunities in building power distribution and transmission infrastructure.
  • Investment opportunities in aligning renewable energy assets with national grid.
Useful Links:

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

ESAB has manufacturing and research and development facilities in India

Ansaldo has been supplying a range of electronic equipment in India

GE's first and largest global lab outside US is in Bengaluru, India.

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

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