Mechanical and Electrical
RK Chugh, President, Indian Electrical & Electronics Manufacturers' Association (IEEMA)
“India’s power sector is undergoing a noteworthy change and this has redefined the industry outlook. Demand for electricity is growing and many path-breaking changes are expected from the government side in coming months, particularly on the distribution side, which is directly related to real estate. With initiatives such as Housing for All and smart cities, the Government is working to reduce blockages holding back growth in the infrastructure sector. All these initiatives will increase demand for electrical equipment.
The electrical industry will continue to grow in coming years backed by proper industrial and sector-specific policy that will not only bring investments into the sector but transform it with the latest technologies and products. Digital and power electronics-supported technologies will prove to be a game-changer for the energy management and power sector in India. They will help the consumer take centre-stage. The smarter, more decentralised yet more connected power system will help achieve objectives like security, environmental sustainability and better asset utilisation, and open new frontiers for businesses.”