This document provides historical context on the development of the global and Indian electrical equipment industries. It discusses how early scientific discoveries led to advancements in electricity production and distribution over centuries. In India, the power sector has grown significantly since independence, with installed capacity increasing from 1,362 MW to 310 GW currently. The document also outlines the evolution of major electrical equipment companies worldwide and discusses how India opened up its power sector to private producers in the 1990s to meet growing demand.