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‘Retail, real estate boom will boost AC, refrigeration industry’
Our Bureau
Hyderabad, Nov. 16 The boom in the retail, cold chain, entertainment, manufacturing and real estate industry will spur the growth of the Indian heating, ventilation, air-conditioning, cooling and refrigeration (HVAC&R) sectors.
For the past three years, the HVAC&R is growing at an average 25 per cent and by end- of-fiscal 2008-09, it is expected to touch Rs 16,000 crore, according to industry experts.
Air-conditioners have become a necessity and a wide range of upcoming industries need it on a priority. With a bit of support from the Union and State Governments, the sector will grow well, said Mr M.S. Anand, Chairman, CRP Group, Hyderabad.
While the growth prospects are exciting, the worrying aspect is the huge shortfall of trained manpower.The industry also needs to put in place labelling and standards, said Mr Satish Iyengar, former President of the Indian Society of Heating, Refrigerating & Air-Conditioning Engineers (ISHRAE).
The ISHRAE is organising an International Exposition — ACREX India 2008 in Bangalore, during February 15-17, 2008 at the KPTO trade centre.
The Convenor of the Expo, Mr Pankaj J. Shah, said a delegation of 36 companies and over 200 participants from China and over 25 companies and 50 participants from South Korea would participate in the event.
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