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flag India's power equipment industry is entering a multi-year growth phase driven by renewable energy expansion.

flag India's power equipment industry is entering a multi-year growth phase driven by renewable energy expansion and transmission investments, according to a JP Morgan report. flag Manufacturers are benefiting from policy support and a target to add 470GW of solar and wind capacity over the next decade, with high-voltage direct current technology creating a major opportunity. flag Favorable market conditions and rising export demand are expected to support sustained growth.

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