{"id":454005,"date":"2021-12-04T09:15:30","date_gmt":"2021-12-04T03:45:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=454005"},"modified":"2021-12-04T10:39:40","modified_gmt":"2021-12-04T05:09:40","slug":"microtek-plans-to-invest-rs-500-crore-to-boost-electric-product-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/microtek-plans-to-invest-rs-500-crore-to-boost-electric-product-business\/","title":{"rendered":"Microtek plans to invest Rs 500 crore to boost electric product business"},"content":{"rendered":"<p>Power appliance maker Microtek is planning to invest Rs 500 crore to boost its electric product business over the next one year, a senior company official said on Friday.<\/p>\n<p>The company will primarily make investments in research and development and ramping up the manufacturing of its products. <\/p>\n<p>&#8220;We have crossed Rs 250 crore revenue. We are targeting to cross Rs 400 crore revenue and invest Rs 500 crore in the next one year,&#8221; Microtek International Deputy Managing Director Saurabh Gupta said.<\/p>\n<p>As per industry estimates, the domestic electrical equipment market is expected to grow at an annual rate of 12 per cent to reach around 5.4 lakh crore by 2025, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power appliance maker Microtek is planning to invest Rs 500 crore to boost its electric product business over the next one year, a senior company official said on Friday. The company will primarily make investments in research and development and ramping up the manufacturing of its products. &#8220;We have crossed Rs 250 crore revenue. We are targeting to cross Rs 400 crore revenue and invest Rs 500 crore in the next one year,&#8221; Microtek International Deputy Managing Director Saurabh Gupta said. As per industry estimates, the domestic electrical equipment market is expected to grow at an annual rate of 12 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-454005","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=454005"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/454005\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=454005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=454005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=454005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}