How To Start Electrical and Electronic Based Industry
The share of electric equipment in the country’s GDP is nothing to sneeze about. It constitutes about 2 percent of it. If the recent reports are to be believed, this number is about to see some really serious hikes in the coming years. The consumption of electronic goods is going to reach an all-time high and the revenue from this area is going to break all current records. Fortunately, India can more than meet this demand, as the growth rate of our electronic equipment production sector is growing at a very fast pass.
The most basic types of electronic equipment’s can be classified as follows:
- Generation electronic equipment’s
- Equipment meant for transmission.
- Distribution electronic equipment.
Things like motors, generations, transformers, induction motors, invertors, turbines, switch gears etc covered under this major head. Apart from its functionality, there are various other factors which distinguish one equipment from another. Thanks to a million such factors, the number of electronic variants available In the market today is humongous.
The electronic industry of our country did face a set back some time ago, but it Is the thing of past, as we have gradually recovered from that state. Various electronic equipment’s thus produced are used as production equipment’s themselves, or these are just fillers for the bigger picture. In any case, it is important to note that the potential for success in this sector is still huge. Of course, any person wanting to set up an electronics startup will need a sizeable capital. Power generation In a country, as well as its distribution among the general public makes all the difference when it comes to measuring the success of electronic equipment’s in any country. As we are sailing the boat with a very high population, the need for electronic goods is also very high.