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Valves Sector – Evolution of sector- Indian valves sector is an USD 2 billion industry and exports account for almost 40% of its turnover. It has been growing at a CAGR of approx. 12 % over the last 4 years. India is one of the 7th largest producer of valves Worldwide.
Contribution of Sector to Manufacturing : The Indian valves industry is capable of producing high end engineered products catering to chemicals process and hydrocarbon industries such as Oil and Gas, Petrochemical, Fertilizers, Water & Waste Water, Power Generation in Thermal, Hydro Electric, Nuclear, Metal refining and process sectors.
Advantage India – Potential
- Strong investments in Middle East in Oil & Gas Midstream and Downstream segments
- Investments by Indian oil PSUs in Oil & Gas Upstream, LNG, Pipelines, Refinery & Petrochemical projects
- Growing Indian economy – Investments in Infrastructure