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OEM Update
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ACREX 2016 to promote ‘Make in India’

February 11, 2016 5:44 am

  ISHRAE, the Indian Society of Heating, Refrigeration and Air-conditioning Engineers, announced the 26th edition of ACREX 2016, South Asia’s largest exhibition on air conditioning, ventilation, refrigerating and building services, scheduled to take place at Bombay Convention and Exhibition Centre (BCEC) in Mumbai between 25th and 27th Feb.
Key discussions took place around the theme for ACREX India 2016 “Make in India – Infinite Opportunities for HVAC&R and the Building Services Industry”.
Domestic manufacturing will play a pivotal role in promoting, educating and supplying equipment while guiding best practices and will be promoted comprehensively during ACREX 2016. ISHRAE had estimated the domestic HVAC&R products market in India to be valued at Rs. 15,000 crore, having grown from a Rs. 10,000 crore valued industry in 2010. ISHRAE also had stated the Indian HVAC&R market is expected to grow by nearly 30 per cent over the next two years to boast of a capitalisation of over Rs. 20,000 crore, which will be mainly due to the buoyed acceleration in infrastructure and real estate activities.
The Finance Ministry in the past has positively indicated the need for increasing warehousing capacity for enhancing shelf life of agriculture products. This will ease funding for developing cold chain infrastructure through a robust public private partnership. The domestic cold chain offers great potential to drive and benefit agricultural, horticultural and dairy production.

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