A recovery in Asian demand and supply constraints in the global market has sparked an increase in price of commodities like copper, pushing manufacturers to increase cost of low-voltage electrical equipment. Electrical equipment such as circuit breakers, switching and control and metering products are used extensively in industrial, commercial and residential segments, with a significant chunk used in the power sector.
Tag: IEEMA
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Excess coal output worries government
As India plans to become completely self-sufficient in energy security in view of the changing circumstances, the government is worried about how to dispose the country's excess coal production, Union Minister for Power Piyush Goyal has said. He said that two years ago, when he had announced a target of one billion tonnes of coal production, “it was an off-the-cuff remark” to tackle coal shortages prevalent then.
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Close to industry
The newly appointed Director General of IEEMA, Sunil Misra comes with a rich work experience of around 30 years, having worked in similar organisations for last 20 years.A graduate from Canning College, University of Lucknow, Misra before joining IEEMA, was working as Head of Public Policy in CII.
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A dynamic leader
VP Mahendru, Chairman & Managing Director, Eon Electric Ltd, promoted the company in 1958 for manufacturing and marketing electr¡ical distribution and safety equipment. The Group has since been growing by leaps and bounds with its various manufacturing plants. Mahendru is a dynamic and energetic personality well known in the business and social circles.
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The undisputed leader
PP Gupta, the present promoter of Techno Electric & Engineering Company (TEECL), is an Honours Graduate in Industrial Engineering with Post-Graduation in Management from Indian Institute of Management, Ahmedabad.
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IEEMA’s new President
JG Kulkarni has been elected president of the Indian Electrical and Electronics Manufacturers' Association (IEEMA) for the year 2012-13. Kulkarni has been associated with Crompton Greaves for the last 32 years is currently Executive Vice President of Crompton Greaves and President, CG Power (Asia).
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Power equipment industry
Hurt by economic slowdown and higher imports, the Indian electrical equipment industry’s sales have decreased by 2.4 per cent in the first quarter of 2012-13.
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New duties
Ramesh Chandak has been elected as President, Indian Electrical & Electronics Manufacturers' Association (IEEMA) for the year 2011-12. Chandak takes over from Vimal Mahendru, the outgoing president.