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Several MoUs signed; Indian industry headed for a revolution

By Swati Sanyal Tarafdar,

Added 16 April 2015

Collaboration between Indian and German businesses are expected to streamline electronics, manufacturing, infrastructure, and urban development sectors

Indian Pavilion at the HANNOVER MESSE 2015

Make in India: Opportunities in Electronics and Electricals segment

Delivering the keynote address at the seminar on "Make in India: Opportunities in Electronics and Electricals segment", R S Sharma, Secretary, Department of Electronics and Information Technology, pointed out that Germany is the third largest export destination for the Indian electronics sector and added, "India intends to cater to the large market through potential collaborations with major German players and government's initiatives such as the ambitious ‘Digital India' program to bring about good governance in the IT sector."

Rajan Katoch, Secretary, Department of Heavy Industry of the Government of India, announced a scheme for promotion of Hybrid and Electrical Vehicles in India by promoting necessary technology, demand and charging infrastructure. During a panel discussion on the topic- "Potential for partnership and growth- Electricals", he also informed that the German industry has opportunities to participate in creation of about 100,000 MW generation capacity in the short term.

Vision 2022 for the Indian electrical equipment industry is to make India the country of choice for production of electrical equipment and reach an output of US$ 100 billion by balancing exports and imports. He also touched upon India's requirement to boost technical expertise in order to compete globally; and treat the absence of practices of technology customization and R&D expenditure in the industry. "A more profound technical collaboration between India and Germany will help the Indian electrical industry scale up in accordance with the rate at which the market is expected to grow", he said. Mr. Katoch also informed that India has embarked upon R&D to develop Advanced Ultra Super Critical Technology for power generation at a cost of about USD 250 million.

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