Addressing Needs of Domestic Industry Will Support "Make in India" Campaign

Mumbai, October 1, 2015 (Newswire.com) - With the government’s emphasis on ‘Make in India’ there is a sense of heightened expectations from industry and other stakeholders. Within the power sector the ambitious schemes of ‘DDUGKY and IPDS coupled with emphasis on renewables.  The Government has also been on the right direction by making efforts towards ‘Ease of Doing Business”. Against this backdrop IEEMA organized its annual convention on the theme of “emPOWERing – Make in India”. The annual convention was  inaugurated by Shri Anant Geete, Minister for Heavy industries and Public Enterprises and Shri Kalraj Mishra Minister of MSME.

Minister for Heavy Industries and Public Enterprises Shri Anant Geete said, "I accept IEEMA's invitation to visit ELECRAMA 2016, Also my advice to IEEMA to interact with me once in six months to address all issues of the electrical industry." The Minister also said that he will lead the delegation of the electrical industry to MEA, Power and Finance Ministry on issues related to the industry. He also called for better coordination among central public sector undertakings (CPSUs) for the development of the nation. "There are 290 CPSUs which have a collective surplus of more than Rs 2 lakh crore over the past two years. But there is no coordination between them and so they cannot help each other in case of they require funds for taking up new projects and nation's development." Mr Babu Babel, President, IEEMA said, "Electrical equipment industry has not been faring so well in the recent past but with emphasis on 'Make in India' coupled with 'Ease of doing business', we are hopeful to see some revival. In our sector, recent positive policy changes in coal will have a positive impact in sometime. Ministry of Power has launched an ambitious scheme for making "24 x 7 power" available in rural and urban areas through conventional means as well as through renewables. We at IEEMA are committed to support and assist the government initiatives where ever required. There has been an overall increase in power generation by 8.4 per cent since last year. The government had done well to untangle supply side issues by augmenting coal supply as well as taken efforts to boost transmission & distribution. The Government's "Make in India" is perhaps one of the most important programmes being pursued by the Government of India. The central theme is about transforming India into a manufacturing hub with world class technology on the pattern of China, Japan, South Korea etc. IEEMA being one of the proud partners of the 'Make in India' campaign has been vigorously pursuing with the policy makers to promote made in India products with state-of-the-art technology." Mr Sunil Misra, Director General, IEEMA says, "The electrical and industrial electronics industry has witnessed a 14.81% growth in Q1 of FY 2015-16. The growth in exports is helping the industry to grow especially in Distribution Transformers, Cables, Tr. Line Towers, Energy Meters, Capacitors etc. Policy changes and various initiatives undertaken by the industry and government are eventually showing signs of revival for the sector.

Shalini Singh, Sub Editor