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Upbeat HVAC&R Industry in a Fast Growing Economy
2017/03/25
-A Report from ACREX India 2017 Expo
The Indian economy is estimated to grow at 7% during the financial year 2016 spanning April 2016 to March 2017 - perhaps the fastest growth rate among the major economies of the world. Various segments of the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry have grown at a healthy clip during 2016, and the industry is optimistic about the next year. The upbeat sentiment was reflected in the
 
18th edition of ACREX India, South Asia’s largest exhibition on air conditioning, ventilation, refrigeration and building services and the sixth largest in the world, held from February 23 to 25, 2017. The exhibition, covering 32,000 m2 in the newly built India Exposition Mart Limited (IEML) premises at Greater Noida near New Delhi, had a record 483 exhibitors including 144 international exhibitors, and witnessed over 30,000 visitors. Presidents or chairpersons from 19 international societies including the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), the Chartered Institution of Building Services Engineers (CIBSE), the Society of Heating, Air-Conditioning and Sanitary Engineers of Japan (SHASE), and the Federation of European Heating, Ventilation and Air Conditioning Associations (RE-HVA) and 23 domestic associations were present.
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