<p>New Delhi: 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.</p><p>Finance Minister Nirmala Sitharaman, in the annual Budget for the 2024-25 financial year, has allocated Rs 11.11 lakh crore for infrastructure.</p><p>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.</p><p>“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, ACREX India emerges as a symbol of opportunity and progress,” ISHRAE President Yogesh Thakkar said.</p>.Indian tech industry revenue to touch $254 billion this fiscal: Nasscom.<p>“With the substantial government investment of $1.45 trillion in infrastructure projects over the next five years, we stand on the brink of an era marked by unprecedented advancement,” Thakkar added.</p><p>Yogesh Mudras, Managing Director, Informa Markets India, said the event serves as a catalyst for driving the adoption of environmentally conscious practices within the HVAC and refrigeration sector.</p><p>Anoop Ballaney, president-elect for ISHRAE, said the industry prioritises decarbonization and skill development so as to help the country achieve its net-zero emission goal by 2070.</p>
<p>New Delhi: 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.</p><p>Finance Minister Nirmala Sitharaman, in the annual Budget for the 2024-25 financial year, has allocated Rs 11.11 lakh crore for infrastructure.</p><p>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.</p><p>“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, ACREX India emerges as a symbol of opportunity and progress,” ISHRAE President Yogesh Thakkar said.</p>.Indian tech industry revenue to touch $254 billion this fiscal: Nasscom.<p>“With the substantial government investment of $1.45 trillion in infrastructure projects over the next five years, we stand on the brink of an era marked by unprecedented advancement,” Thakkar added.</p><p>Yogesh Mudras, Managing Director, Informa Markets India, said the event serves as a catalyst for driving the adoption of environmentally conscious practices within the HVAC and refrigeration sector.</p><p>Anoop Ballaney, president-elect for ISHRAE, said the industry prioritises decarbonization and skill development so as to help the country achieve its net-zero emission goal by 2070.</p>
