Categories Industry

Govt’s infra push to spur growth of heating, ventilation, AC sector: ISHRAE

The heating, ventilation, and air-conditioning (HVAC) sector is poised for an unprecedented growth due to increased demand in the coming years on the back of the government’s focus on infrastructure investment, say industry players.
Finance Minister Nirmala Sitharaman in the annual budget for the 2024-25 financial year has allocated Rs 11.11 lakh crore for infrastructure.
Industry stakeholders shared their views during the 23rd edition of ACREX India. The three-day event, being held at Greater Noida, has been organised by industry body ISHRAE and Informa Markets India.
“As we observe the remarkable growth trajectory of theC industry and the significant strides achieved through initiatives like the Atal Community Innovation Centre (ACIC) programme, ACREX India emerges as a symbol of opportunity and progress,” ISHRAE President Yogesh Thakkar said.
“With the substantial government investment of USD 1.45 trillion in infrastructure projects over the next five years, we stand on the brin