India is one of the fastest growing economies in the world with an annual growth above 7%. The GDP is on an upward trend due to government spending on infrastructure development and urbanization. The automobile sector is growing at the same rate and has naturally promoted an increase in the production of lead–acid batteries. The Telecoms industry and the introduction of solar and wind energy sources has also enhanced the output of lead–acid batteries. Indeed, the Government of India has major investment plans for the development of ‘green energy’. Overall, the lead–acid battery market is expected to register double-digit growth during the upcoming years. The recent fiscal measures introduced by the Government include demonetization and the implementation of GST and will further open up opportunities for global players in the industry. The presentation will cover the dynamics of the present battery market in India and the challenges in meeting expectations.
Gravita India Ltd
SBU Head for Lead Business
Mr. Vijay Pareek holds degree in Metallurgy and a Masters in Business Administration. He is a regular participant and speaker at various international conferences. During the past 25 years, his employment assignments have covered a wide spread of portfolios in various industries including the power sector and non-ferrous metals operations. Mr Pareek is currently the Head of Lead Business at Gravita India Ltd.