IEEMA applauds GOI’s ambitious project on smart city development

September 29, 2014

Indian Electrical and Electronics Manufacturers’ Association in its 67th AGM and Annual Convention in Mumbai applauded the vision of Government of India’s ambitious and bold project on 100 Smart Cities. The scale of this project transcends the ‘Golden Quadrilateral’ and ‘Connecting the Rivers’ projects, said IEEMA.

On the occasion, Venkaiah Naidu, Union minister of urban development, Housing and Urban Poverty Alleviation and Parliamentary Affairs said “IEEMA is preparing to have two shows in January 2015 on up to 11 KV and intelligent usage of electricity. I would like to see what strength Indian industry has to be able to partner and bring value to 100 Smart Cities Project,” he said.

As per IEEMA, the ’100 Smart Cities Project’ will entail a huge opportunity for the entire industry across —urban development, power, rural infrastructure development, municipality, hospitals, education opportunities and the entire ecosystem of allied industries. “It is a given that the CEOs of the industry have a big role to play, in planning and deciding the way forward to respond to this project which will unravel immense opportunities of growth in the coming few years”, said IEEMA.

Vishnu Agarwal, Founder and CMD of Technical Associates Ltd, a Lucknow based organization has been appointed as the 55th president of IEEMA. Agarwal in his address said that IEEMA is looking ahead to partner with the Government on the Smart Cities project which will go a long way to enhancing quality of urban life, and also the Deen Dayal Upadhyaya Gram Jyoti Yojana will provide a huge impetus to strengthen the transmission and distribution infrastructure in rural areas.

At present, India has already lost about 35percent market share due to import of sub quality Chinese electrical equipment. “Significant under-utilisation of installed domestic capacity has resulted in loss of employment of qualified Indian engineers, technicians, workers, etc. There is a dire need of presenting a roadmap and addressing the balance of trade which is grossly tilted currently in China’s favour”, said the association.

IEEMA is the first ISO certified industry association in India with 800 member organisations encompassing the complete value chain in power generation, transmission and distribution equipment. IEEMA members have contributed to more than 90 percent of the power equipment installed in India. The Indian electrical equipment industry size in 2012-13 was in excess of USD 24 billion, with exports of USD 5 billion.

Source:Times of India