The rapid growth of the Indian economy is likely to make India the fifth largest consumer market in the world by 2025, according to a study by McKinsey Global Institute. Aggregate Indian consumer spending is estimated to quadruple to approximately US$ 1.5 trillion by 2025, on the back of a ten-fold increase in middle class population and a three-fold jump in household income.
Robust expansion of the Indian shipbuilding, construction and energy, particularly wind power sectors will underline strong growth of the Indian welding & cutting market over the medium- and long-term. While the financial meltdown has adversely affected most end user industries for welding equipment in India, energy, construction and shipbuilding sectors have, to a large extent, been recession-proof and have been generating moderate demand. A key driver boosting market
ABOUT CWE 2014
Cutting & Welding Equipment Expo is a leading business event on Cutting/Welding Equipments, Consumables and Accessories. The event is an ideal B2B platform for entrepreneurs, CEO's, consultants, senior government officials, decision makers and trade delegations to congregate, brainstorm, showcase and forge meaningful business partnerships. It will be the convergence of the most innovative developments that has transformed the face of industry today. This exhibition will witness leading players of the industry from India as well as overseas markets showcasing their products and services to the focused trade visitors.