Indian Govt Gives Thrust to Heating, Ventilation, & Air-Conditioning Sector Prompting ‘Atmanirbhar Bharat'

Industry participants predict that the heating, ventilation, and air conditioning (HVAC) sector will experience historically high growth as a result of rising demand in the upcoming years brought on by the government's emphasis on infrastructure spending. Infrastructure has been allotted Rs 11.11 lakh crore in the annual budget for the 2024–25 fiscal year by Finance Minister Nirmala Sitharaman.

Participants in the industry expressed their opinions during the 23rd ACREX India. Industry association ISHRAE and Informa Markets India are organizing the three-day event, which is taking place in Greater Noida. According to ISHRAE President Yogesh Thakkar, "ACREX India emerges as a symbol of opportunity and progress as we observe the remarkable growth trajectory of the HVAC industry and the significant strides achieved through initiatives like the Atal Community Innovation Centre (ACIC) programme."

Source: Ministry of Finance