Power industries will boom through Make in India
Mr. Haren Shah, Senior Marketing Executive, MECO INSTRUMENTS PVT. LTD.
Q. How did Power industry performed in 2014 ?
India’s power market is 5th largest in the world. The Power Sector is high on India’s priority as it offers tremendous potential for investing companies. In the past few years there has been considerable growth in power plans based on renewable sources of energy. The Union Ministry of New & Renewable Energy has introduced a scheme to achieve the objective of helping new and young entrepreneurs enter the renewable energy business & make renewable energy products easily available , besides providing after sales service, repair and maintenance. In as boost to power firms with plans to set up units in Special Economic Zones (SEZ) the Government has exempted them from the positive new foreign exchange obligation applicable to regular units in such enclaves.
Q. What are the future technology trend of the industry ?
Government is targeting a capacity addition of 62000 MW in 11th Five year Plan during 2012-2017 the funding requirement in Indian Power Sector has been estimated at US $ 230 billion, out of which US $ 132 billion as in power generation. In order to fully meet both energy and peak demand there is a need to create adequate reserve capacity margin. Renewable energy sector growth in India during last five years has been significant and the need to increase the use of renewable energy sources for sustainable energy development has been recognized by Government. The National Solar Mission under the National Action Plan on Climate change envisages a 20,000MW solar capacity addition by 2022. India renewable growth so fas has been financed domestically. Majority of financing has been asset financing in the area of Wing where capacitive power generators have been investing to expand wind manufacturing capacity and project development.
Q. What are initiatives carried out by your company ?
Our Company M/s. MECO INSTRUMENTS PVT. LTD. is a Manufacturing Measuring & Test Instruments in India since 1962. Looking at demand in Power Industry in last 5~10 years, we have added many products in our basket to offer the Power Industry, Power Utilities, Power Plants, Energy Auditors, Engineering company, Education Institute, Consumers, etc. They are like, Solar System Analyzer, Energy Auditors, Power & Harmonics Analyzer, Power & Energy Monitor Multifunction Meters (SCADA), Environment Testing Instruments, Lower cost Multimeters, Clampmeters, Power Guard, 5KV Insulation Tester, Battery Capacity Tester, Calibrating Equipments, etc. Our Marketing Team have participated in several new and old Exhibition though out India like Elecrama, Automation, LED Expo, Accrex, Renewable Energy, Intelect, Solar etc. MECO product catalogue are distributed and sent to several above industries from the data base available with us. Regular advertisement, articles, product write-up are published in all leading Magazines and Journals.
Q. What will be the future of the industry?
In coming next 5 years Power Industries will have boom as Make In India will give a lot of boost and results. Quality Product manufacturer and service provider will have a good time ahead.
For more information
MECO INSTRUMENTS PVT.LTD.
Email: [email protected] & [email protected]
Web: www.mecoinst.com
