WHY INDIA

  • A one trillion USD economy today, India is moving to become a two trillion USD economy in next 6 years.
  • India is on the path to 8 to 10 % GDP growth.
  • As of November 2009, India had recorded a 9.1% increase in industrial growth.
  • The manufacturing sector was up by 9.3 % in September, 2009
  • India has been fairly successful in coming out of the global recession
  • Index of Industrial Production (IIP) for December 2009 and January 2010 were higher by 17.6% and 16.7% respectively over the corresponding numbers one year ago.
  • India, currently ranked as the 4th largest economy in the world, presents a favorable investment climate

WHY EXHIBIT AT WELD INDIA 2011 ?

  • Indian Welding industry is looking buoyant with upcoming major projects, to the tune of 55 billion US dollars in diversified sectors such as steel, power, oil refining, chemical, automobiles, defence , aerospace etc.
  • A number of world leaders in the automobile industry have set-up their base in India.
  • Value of welding consumables to be used is expected to increase from US$ 500 million in 2007-08 to US $ 700 million in 2010-11.
  • Welding equipment requirement is also keeping pace and & there is also a positive trend of switching over to low cost automation and efficient power sources to increase productivity.
  • Demand for welding automation is on the rise in major industries across the country.
  • More and more global investors are now looking to invest in India, which is driven by the rapidly growing domestic demand, significantly improved operational efficiencies, higher labour productivity, a great reservoir of skilled manpower, and better profitability.