Innovation is a key driver that will help India stay ahead of the curve as its electrical sector prepares itself for a radical transformation, noted Vipul Ray, newly-elected President of industry body IEEMA.
Ray was addressing the concluding session of IEEMA’s Annual Convention, “CEO’s Session on Reimagining the World of Electricity,” held recently.
“While our Indian electrical sector is poised for transformation; Innovation, Investment in Digital Transformation, Research & Development & quality are the key drivers to stay ahead of the curve. As digitization brings lot of vulnerability, we need to be more secure towards cyber threats. We as an industry body need to focus on protocols and their Standardization. IEEMA is committed towards building a robust, healthy and dynamic Indian electrical equipment industry, encompassing the complete value chain in power generation, transmission and distribution equipment.” Vipul Ray said.
The session witnessed the presence of stalwarts from the electrical equipment industry. Sanjeev Sharma CEO, ABB India Ltd; Sunil Mathur, MD & CEO, Siemens India Ltd and Vimal Kejriwal, MD & CEO, KEC International Ltd. discussed key issues like domestic supply chain, innovations, policy aspects and creating green and clean energy solutions for future.
While the power sector has been undergoing an overhaul over the last few years, the corona virus pandemic underscored the need of accelerated technological upgradation. Going forward, the focus on implementation of smart technologies like an evolved grid system, smart metering and digital asset management will help transform the seemingly traditional, manpower-heavy sector into a smarter, more efficient power system with each element in the value chain re-imagining their processes and streamlining infrastructure.
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Expressing his views, Sanjeev Sharma CEO, ABB India Ltd, mentioned, “The adoption of automation and digitalization needs to expand further. The MSME Sector needs to adapt new technologies as well as the supply chains built by the large players. There is a need to build a climate resilient economy in cities basis energy efficiency; focusing on environment and social progress.
“The distribution network needs to be more robust and sustainable. The revamped distribution scheme not only calls for digital tools but also real time monitoring. We believe that Cyber Security is going to be the foundation and a critical ingredient for any product and systems.” This was the key point put forth by Sunil Mathur, MD and CEO, Siemens India Ltd, said,
Vimal Kejriwal, MD & CEO, KEC International Ltd offered his view: “There is a strong need to strengthen the entire transmission and distribution system infrastructure. e-Mobility brings large business opportunities for IEEMA members and we foresee a huge requirement of building green data centers. 3Cs (Cost, Consistency and Commitment) need to be followed for the export market and also maintain product quality, both for local and export markets.”
(Featured photograph sourced from Siemens is for representation only)
