Hello and welcome once again to Cooling India.
India is one of the fastest growing economies in the world. According to the International Monetary Fund (IMF), Indian economy is expected to grow at about 7.4% during 2019-20, thanks to the revival from the shocks of demonetisation, implementation of goods and services tax (GST), and improving investment climate. Further, as per the World Economic Forum, India’s middle-class doubled in size from 300 million in 2004 to 600 million in 2012. This economic prosperity is playing a transformative role in modernising the Indian lifestyle. The HVAC&R industry is reaping significant benefits from this transformation.
The use of air conditioning in India is expected to increase by three times by the year 2030. The increase in industrialisation and urbanisation is primarily driving the demand. The focus on improving cold chain logistics and setting up of data centres is also contributing to the growth. However, the government’s recent push on localising manufacturing in the form of ‘Make in India’ initiative has set the ball rolling.
After a huge success in REFCOLD India 2018 (Gandhinagar), Cooling India is all set to engage visitors at India Cold Chain Show 2018 to be held in Mumbai. A big thank you to all who participated in making these issues successful.
January marks the start of a new year and the opportunity for new beginnings and opportunities. January also marks a milestone on the Cooling India’s journey towards empowering the HVAC&R industry. The magazine will be coming up with its much-awaited Annual Issue in January featuring the advances, ideas, and innovations that are driving HVAC&R industry’s future. We would like to invite you to voice your opinions on this sector.
Again, at the forthcoming international trade fair ACREX India 2019, scheduled to be held in Mumbai between 28th February and 2nd March 2019, your most sought-after magazine on HVAC&R industry will make its grand presence. A special issue featuring the products and technologies being showcased at the event, will be a ready-reckoner for ACREX visitors. We are looking forward to your participation in making this issue successful.
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Publisher & Director