BusinessPhoto: Amar BusinessPower Transmission and Data Centers to Boost Engineering Sector; UPI Fees May Raise Prices
India's expanding power transmission network and growing demand for data centers are expected to create new opportunities in the engineering and capital goods sector. HVDC technology capacity is projected to rise from 34.5 GW in 2027 to 55 GW by 2032, with additional projects identified for 78 GW by 2036. Data center capacity may increase from under 2 GW to 13-18 GW by 2030, boosting demand for transformers and grid equipment. However, delays, raw material costs, and investment uncertainties pose risks. A report from IIT Bombay warns that proposed UPI payment fees could indirectly increase prices as merchants may raise...
Amar Business·


