Although most Inidan industy has suffered a slowdown due to global turmoil, the valve industy still has grown exponentially at over 20% in the last decade. Even the growth in exports has been higher at 100% in the last three years.
 

Confederation of Indian Industry CII's annual flagship 'Valves Conference 2013' and the theme 'Indian Valves for the Global Market', helped to analyse the industry scenario and remove bottlenecks for the industry's future development.
 

 Additional Secretary, Department of Heavy Industries, and Government of India Ambuj Sharma said "Government of India is investing 1000 crore for the enhancement of competitiveness of the Indian capital goods industry. This money will be used for the creation of common facility, technology up-gradation, product improvement, market creation and skill up-gradation. This is a major input we are putting at the implementation level. It will take around 3 months to pass by the cabinet after which we hope to implement it in the four major clusters. This will further stimulate growth of the valve industry" .In addition, Sharma  underlined that the other industries are getting push from the valve industry and in turn will stimulate growth of the valve industry.These include:expansion of capacities in steel production, power-generation industry and electrical equipment, enhancement of other capital goods industry etc. He  also said that government could also help in acquiring technology and setting global OEMs in the country.Last He informed of the Rs 1200 crore that the government will invest in R&D projects to develop advanced ultra super critical technology for power generation along with other countries. This will invariably provide a huge impetus to the valve industry.