Global industrial valve market expected to touch USD 88.4 billion by 2021, there was huge potential for Indian manufacturers to cross USD 3 billion by 2023. India’s industrial valves market is largely dominated by organized manufacturers and is expected to witness double digit growth at a CAGR of around 10% during 2018-2022. Valves is one sector in Engineering which exports around 35% of its domestic production and is a big proponent of the Government of India’s focus on "Make in India”. Expanding demand-supply gap in Indian power industry, Oil & Gas, chemicals & fertilizers and Water treatment plants have been driving the need, which is providing a boost to industrial valves market in the country. Over the past two decades, many of the leading global valve manufacturers have identified India as a high potential market for valves and thus entered the Indian market. importance of Indian valve industry to invest in R & D and technology to meet the future demand and compete globally.
To address these factors and harness the emerging opportunities, CII Valves and Automation division is organizing CII Valves Conference 2018 with the theme “Building Brand India: Opportunities and Challenges” on 13th December 2018, Hotel The St. Regis, Mumbai. The conference will bring together the leaders from valves industry - manufacturers, users, regulators and key stake holders - to discuss and deliberate on policy issues confronting the industry, to understand the expectations of customers and to enable the industry to gear up for the global market.