Mumbai (Maharashtra) [India], January 18: BID 2024, IEEMA’s flagship event, concluded successfully with significant business enquiries close to USD $1 billion. This reflects the strong growth trajectory and global acceptance of “Make in India” products in the electrical, electronics and new energy sectors. BID 2024 also witnessed 50,000+ business footfalls, 200 international and 100 domestic buyers attending over 3,000 B2B meetings and 20 new product launches. BID 2024 witnessed participation from 250+ companies including Apar, Exide, Hartek, HPL, Havells Stelmec, Siemens, Schneider Electric, and Secure Meters amongst others.
Mr. Hamza Arsiwala, President of IEEMA said, “The huge response to BID 2024 reflects the fast growth trajectory enjoyed by the Indian Electrical in power distribution and building electricals, propelled by the transformative performance in the Indian power sector. The growth in the new energy increased adoption of renewable energy has provided additional impetus.”
Mr. Hartek Singh, Chairman of DistribuELEC, added, “BID 2024 was an out and out business focus show and our effort has been to bring in newer products on display and target business visitors.”
Ms. Charu Mathur, Director General of IEEMA, emphasized, “Our startups received very positive response, many received business offers. The product launches, business inquiries- all of them made BID 2024 a truly B2B show. We are already looking at the 2026 edition of the show.”
As IEEMA reflects on this year’s theme, the management team at IEEMA extends heartfelt thanks to everyone who played a part in making BID 2024 a significant milestone. The shared commitment to advancement makes IEEMA optimistic about the exciting prospects.
IEEMA is the apex association of manufacturers of electrical and industrial electronics, as well as allied equipment in India. Established in 1948, IEEMA is the first ISO-certified industry association, encompassing the entire value chain in power generation, transmission, and distribution equipment, inclusive of new and renewable energy sectors.
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