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ELECRAMA will connect MSMEs to global value chains
Interviews- Jan 01,20
With the installed power generating capacity of 365,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer.
With the installed power generating capacity of 365,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer. ELECRAMA - IEEMA’s flagship exhibition that showcases prowess of Indian electrical and electronics industry – is expected to help the power sector scale new heights as India aims to become $5 trillion economy by 2024-25. In this interview, Anil Saboo, Chairman, ELECRAMA 2020, highlights trends in the industry and explains importance of the expo for all the stakeholders.
What are some of thehighlights of ELECRAMA 2020? How will it be different from previous editions?
ELECRAMA 2020 has major concurrent events like World Utility Summit, ETechnxt, RBSM and DBSM, etc where exhibitors from more than 60 countries and visitors from more than 120 countries will come together. ELECRAMA will provide more noticeable growth, increased exports in addition to new segments specially connecting our MSME units to global value chains.
In this edition, we will be focusing on the entire energy spectrum along with renewable energy (RE), energy storage, automation, digitalization, Industry 4.0, Internet of Things (IoT), Artificial Intelligence (AI) and electric transportation opportunities to expose the electrical industry to new technology innovations and disruptions with information to manage the transformation.
This year, we will also focus on women empowerment in electrical sector. As per study, in all developed countries women contribute more than 50 per cent of overall work force. And in last 20 year, it is analysed that In India majority of the women are involved in IT sector only. In order to increase role of women in energy & power sector, we will provide a platform for them to discuss and share their experiences and learn from each other's.
What are some of the new and emerging challenges for the grid?
Grid expansion over the next few years will be driven by the government's ambitious plan to scale up renewable energy to 175 GW by 2022. To develop associated power evacuation infrastructure, Power Grid Corporation of India Limited along with state utilities are implementing the Green Energy Corridor project.
The major emerging challenges for the grid is to adoption of smart technology, investment in technology to make grids more reliable, automation in substations, innovative tower design, digitization, technology evolution and up-gradation in infrastructure.
What are the most promising and emerging technologies which would be most relevant for meeting future grid requirements?
The most promising and emerging technology which meeting with future grid requirements are artificial intelligence, blockchain, Industry 4.0, IoT and increasing grid reliability. New technologies, evolving customer preferences, and the changing competitive landscape are leading many power companies to explore new business models. Some models may help utilities to further enable the energy transition.
What is your outlook for the power sector in the next 4-5 years?
Power sector is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. Power sector is aiming for export to grow by 400 per cent in next 5 years as Indian economy aims to reach $ 5 trillion
by 2024.
With the installed power generating capacity of 365,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer.
India's SME sector has been one of the primary drivers to boost the economy. The sector's contribution to the country's GDP is expected to increase to 22 per cent in 2020. And As per World Energy Council, 50 per cent investment in energy will be done in Asia till 2030.
India has the potential to increase exports of electrical equipment in world market as well as innovate new technology for energy transition in next 5-10 years.
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