Power transmission refers to the transfer of power through mechanical devices.
The Mechanical Power Transmission Equipment, Not Elsewhere Classified, industry is comprised of companies that manufacture mechanical power transmission equipment and parts for industrial machinery. Products include ball joints, pulleys, bearings, drive chains, sprockets, shafts, couplings, and other parts.
The market for miscellaneous transmission equipment is fragmented. Motor vehicle manufacturers were the largest buying sector, accounting for 9.2 percent of industry revenues in the late 1990s.
Other significant markets for transmission equipment included shipbuilders, lawn and garden equipment manufacturers, nonferrous metals refiners, and the missile industry. About 10.5 percent of production was exported.
Power Transmission Equipments in India can also play an important role, as in most of the areas India cant produce power, so they have to transfer the power from other areas which require so large support from this industry.
Why Me:
As the inflation is negative in India after three decades, and same is in other Asian countries, which is almost close to zero, so the manufacturing industry have a plus point. The raw material is available at low prices. This was not the case last year when the oil prices are climbing up, but now the oil prices are half of the previous year. Also the other raw material prices except the food materials decreased, so the manufacturers can buy the raw materials in bulk and start production. And for country like India where opportunities in each sector persists, the manufacturers will surely take an initiative.
Also after the Nuclear Deal their will be heavy demand on the manufacturing industry of India, specially the Power Transmission industry, as India is short of its power consumption, and Indian Government is keen to meet the requirement as soon as possible.
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