OPPURTUNITIES AHOY!!

As India steps into another decade, it is poised for achieving greater growth than the decade that has gone by. At this point we must pause and take note of the opportunities that will be unfolding in the coming times for us. Power sector is in for a huge amount of impetus in the coming years as the key growth drivers will be large demand supply gap, renovation and modernization, and increasing privatization of distribution networks. At the same time, the competition for scarce resources is expected to intensify and support enablers in terms of logistics, T&D, equipment supply will be stretched to the fullest

The Centre has targeted capacity addition of 100,000 MW each in the 12th Five Year Plan (2012-17) and 13th Five Year Plan (2017-22), said Mr Sushil Kumar Shinde, Union Minister of Power. This will be a substantial addition to the existing installed capacity of 1, 67,278.36 MW. According to an estimate, such an initiative will require a total investment of UDS 300 bn in the power sector within the next few years. This means that there will be equal amount of opportunities in transmission and distribution.

Apart from this the economy itself is poised for growth. This is apparent from a number of projects that are on the anvil. 2010 saw more startups as compared to 2009. During the calendar year 2010; 9,919 new projects entailing a total investment of Rs 7,95,144 Cr. were announced across the country. The preceding year (2009) had seen 9,344 new projects worth Rs 6,26,119 Cr. As against the 25 per cent fall in fresh investment recorded in 2009, the year 2010 saw such investment surging by 27 per cent. This trend is expected to continue.

Research reports show that the Indian low voltage (LV) and medium voltage (MV) switchgear market is estimated to reach $ 4173.2 million by 2015, growing at a CAGR of 14.2 per cent. Growth in production of switchgears is driven by increased demand from power utilities, infrastructure projects, and industrial and residential consumers. Steady growth of use of the low-tension circuit breakers and miniature circuit breakers is expected to continue with the improvement in the real estate and services sectors. Strengthening of transmission and distribution network is expected to benefit medium and high voltage segments. This will create avenues to be leveraged through capacity creation, technology changes and exploring virgin segments and geos.

At Tricolite we are well prepared to meet these opportunities. Exciting times await the nation and we are charged with high energy and purpose to drive this organization and be active contributors to the growth that India is going to witness. We hope we shall be able to transpire this enthusiasm in all our patrons and inspire by walking the talk!