The Indian Electrical & Electronics Manufacturers’ Association (IEEMA) hosted the inaugural edition of IEEMA Industry Conclave on August 23, 2024, in Delhi. This exclusive platform brought together industry leaders, government officials, policymakers, and stakeholders to discuss the role of India’s electrical and allied electronics industry in shaping the industry and nation building.
The IEEMA Industry Conclave 2024 featured the theme of “Moving Towards an All-Electric Future – Partnering India’s Energy Transition,” focusing on the challenges and opportunities that lie ahead for the industry. This conclave also touched upon the topics of Make in India, Planning for India’s Energy Needs, Digitalisation and Innovation in Manufacturing, Strengthening Transmission Infrastructure and much more.
Redefining energy infrastructure
Hamza Arsiwala, President, IEEMA stated that “We have the potential to redefine energy infrastructure and create a sustainable future for generations to come. This gives us the platform to explore these possibilities and share best practices. As of March 2024, India has become the third-largest producer and consumer of electricity globally, with an installed power capacity exceeding 440 GW, and another 350 GW set to be added by 2030. It is a clear indication of a commitment to meeting the energy demands of a rapidly growing economy.”
Moving towards renewables
Commenting on the conference Srikant Nagulapalli, Additional Secretary, Ministry of Power. “We aim to have 50% of India’s power capacity from non-fossil sources. Despite growing power demand, we’re increasing renewable energy significantly. By 2030, we plan to add 85 GW of solar capacity and 40 GW of storage. Our goal is 500 GW from non-fossil sources, including 225 GW from solar and wind. Projects are progressing in land-rich states, and green hydrogen efforts are advancing in Andhra Pradesh, Tamil Nadu, and Gujarat. We’re also focusing on 40 GW of battery storage and 90 GW from pump storage. IEEMA has raised CRGO issue and is working with us to resolve the challenges.”
Energy Revolution
Pratik Agarwal, MD, Sterlite Power said, “We are witnessing a change in the energy landscape owing to increasing demand and emergence of AI. I don’t want to call it “energy transition”, I would like to term it as “Energy Revolution”. India as a country is growing at a significant rate with nearly 6-8% growth every year. I believe that the ‘Greenification of India will happen at a much faster pace, owning to the quality of infrastructure that we have in the country. The robust power grid that we have in the country is capable of transmitting electricity from Kashmir to Kanyakumari. This transformation will play a pivotal role in taking the country towards cleaner and more sustainable future.”
From “Vikas” to “Viksit”
Deepak Sharma, MD & CEO, Schneider Electric “India’s journey from ‘Vikas’ to ‘Viksit’ is a testament to our nation’s potential. We believe that there’s a huge opportunity for growth and hope in the country and energy will play a key role in building a prosperous future. However, the question remains: how can we achieve this without compromising our planet? This is where companies like ours come in which is by bringing energy efficiency and sustainability story to the forefront.”
IEEMA: A dependable partner
Praising IEEMA for being a dependable partner even while dealing the most stringent pricing situations of government sector Kamran Rizvi, Secretary, Ministry of Heavy Industries, Government of India said “Salutations to IEEMA for being the only association which is recognised by the government whose price variation clause is recognised as valid. This has come I think through a great deal of effort by the organisation, and I must compliment you on that. Technology needs to be developed, and with the support of ministry of heavy industry we are looking to receive proposals where 70% of investment will come from the government and 30% will need to be brought in from the corporation. In 78 years of independence IEEMA has developed immense capabilities in the country, it is now time to build for the world and ministry of heavy industry will support you in that endeavour”
Key takeaways
The conclave featured a diverse range of speakers, including industry experts, government officials, and thought leaders. Attendees could network and build partnerships to drive collective efforts towards a robust and sustainable power system. The conclave further aimed to support the growth of the electrical industry and excellence in innovation and manufacturing. The key takeaways from the conference are:
- Reinforced Commitment to Sustainability: The industry leaders reaffirmed their commitment towards India’s energy transition through sustainable solutions
- “Make in India Focus’: Reiterating the need to focus on strengthening local and ‘make in India’ manufacturing capabilities and reduce import dependency.
- Focus on Innovation and Technology: Reinforced the critical role of innovation and technology in shaping the future of the electrical and allied electronics industry.
Also read: IEEMA organises ELECRAMA 2025 preview in Hyderabad
Featured photograph shows Srikant Nagulapalli, Additional Secretary, Ministry of Power at the inaugural edition of IEEMA Industry Conclave on August 23, 2024.
