Electrical Machinery Industry: New Door of business opportunities
The huge demand of electrical machinery in both national and international markets and the availability of required infrastructure and expected government support, makes electrical machinery sector a sensible industry to start a new business. With a higher rate of annual growth, the electrical machinery sector is expected to serve good business opportunities to both bigger and smaller firms and will also invite some new players. The industry is estimated to offer an output of around USD 100 Billion by 2020. During the period of the year 2005-2006 to 2012-2013, the import of electrical equipments have increased at the CAGR of 24.67 % per year. So, the industry is booming and can provide benefits to the involved manufacturers and companies.