India's energy and power industries are presently in a state of transition. This change is being pushed towards by technological progress, heightened demand for domestic products and the strong push by the government to promote sustainable energy and industrial growth. The manufacturing of electric motors plays a big part in a number of industries like automotive, industrial automation and consumer electronics, and is growing rapidly. Energy efficient motors are in demand with the rise of electric vehicles (EVs) and automation. The market is driven by national push for sustainability and energy conservation; both are allied to the global trend of decreasing carbon emissions.
The electrical and electronics manufacturing industry is also a major source of innovation. The city of Bangalore has come to lead in the production of electrical components and electronic devices. Bangalore is fortunate to have a highly skilled workforce, supportive infrastructure and proximity to research institutions. The mentioned factors have made the city a place that companies of all kinds prefer for their establishment. This is the area that is destined for growth, since smart devices, automation, and advanced electronics continue to grow in demand.
At the same time, India’s solar panel manufacturing industry is also going well because of the country's ambition for renewable energy. Government initiatives and policies for increasing solar energy capacity have led to a strong increase in solar energy investments. As India races to meet renewable energy targets and as the solar panel demand surges, the country finds itself at the center of the global production game.
In this special issue, we introduce you to the top companies in these segments. Industry Outlook has identified the select few companies that have done particularly well in these sectors with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
We welcome your feedbacks and suggestion that you may have concerning this special issue.