The Indian Auto Industry is the fourth largest with sales increasing by 9.5% every year. And it is anticipated to grow even more with the introduction of electric vehicles. 99IEMA is the biggest specialized Auto spare & accessories show in India.
Manufacturing Industry has grown rapidly in India over the years and is expected to reach 1US$ trillion by 2025. Considering the growing opportunity new business professionals are investing in the latest machinery and tools much more. This sector is expected to grow by 25-30% by 2020.
Industrial demand for fasteners has grown exponentially and is continuously growing and it is expected that India will see much better growth in India and because of that several investments will come in the fasteners industry.
Renewable energy is the new trend and now every major business and industry is now relying on the renewable energy source. The Ministry of New and Renewable Energy has set the ambition of setting up more panels and energy sources like Solar panels, wind, hydro, etc.