In­dian Pump man­u­fac­tur­ers grow­ing at 10% CAGR

Chemical Industry Digest - - News & Views -

The

in­dus­try has been grow­ing at an an­nual CAGR of 10%, while the in­ter­na­tional CAGR is 6% due to the surge in the in­fra­struc­ture devel­op­ment, growth in agri­cul­ture and other wa­ter in­ten­sive in­dus­tries.

While the do­mes­tic mar­ket for In­dian pumps is grow­ing at 16 to 18 per cent, there has been stag­na­tion in the global growth rate. Pump ex­ports are said to hover around ` 1,500crore, out of the to­tal es­ti­mated pro­duc­tion of ` 10,000 crore in the coun­try. In­dian pump man­u­fac­tur­ers do not see Chi­nese pumps as a threat to their sur­vival. “They may have been on edge on the price front, but not on qual­ity. There are few tak­ers for im­ported Chi­nese pumps,” says an in­dus­try source.

“There are some 800-odd man­u­fac­tur­ers in the Pump City, Coim­bat­ore, which ac­counts for about 50% of the pump pro­duc­tion in the coun­try. The mo­tor and pump in­dus­try in Coim­bat­ore­caters to over 40%

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