Union Minister of Heavy Industries and Public Enterprises Praful Patel unveiled a base document which laid down a roadmap to increase the competitiveness of the domestic electrical equipment sector.The equipment industry faces several challenges which require concerted action by all the stakeholders and policy interventions of Central and state governments. It is estimated that the size of the domestic market in generation equipment is expected to reach $25-30 billion by 2022 (from $5.7 billion in 2011) while that of the transmission and distribution (T&D) equipment industry is estimated to grow to $70-75 billion (from $ 18.5 billion in 2011). So all stakeholders - government, manufacturers, policy-makers, think-tanks - need to proactively collaborate and take concerted and co-ordinated action so that the industry can further accelerate its growth process and contribute significantly to reducing the power demand-supply gap in the country.With this objective in view, under the aegis of the Department of Heavy Industry and with support from Indian Electrical & Electronics Manufacturers' Association (IEEMA), a Mission Plan 2012-2022 for the equipment industry has been drawn up in consultation with all key stakeholders. Praful Patel, Union Minister of Heavy Industries and Public Enterprises unveiled "Indian Electrical Equipment Industry Mission Plan 2012-2022: Base Document" at the 64th Annual Convention of IEEMA. The base document prepared by Ernst & Young will make a number of detailed suggestions for actions to be taken by both the government and industry to fulfill the goals laid out in the plan. The government's responsibility will be to facilitate infrastructure creation, promote the country's capabilities, create a favourable and predictable business environment, attract investments and promote R&D. The industry's responsibility would be towards issues such as designing and manufacturing quality products, improving productivity and maintaining costs among others.The Mission Plan 2012-2022 will take about six months to be ready and will be launched before the start of the 12th Five Year Plan period. Mission Plan 2012-2022 will lay down a clear roadmap to increase the competitiveness of the domestic electrical equipment sector.On the occasion, Praful Patel stressed the need for India to now focus on the next generation of reforms in the power sector, specifically the T&D sector. He said, "While the country, post-1991, focussed on the generation sector, the time has come to address concerns on evacuation and distribution of power such as land acquisition, right-of-way and losses in transmission and distribution of power, including pilferage."He highlighted that the country needs to find a balance between the needs of a growing economy and environmental preservation. Issues like availability of fuel for power projects, difficulties in land acquisition, escalating imports of electrical equipment, financial state of distribution utilities, inability to meet targets laid down etc, are all adversely impacting the state of the domestic equipment manufacturing industry."This requires a holistic approach as the power sector is critical for the socio-economic development of the nation," he said.He extolled the equipment industry to upscale the size of its operations and manufacture best quality products at the most affordable prices so that cost-effective power is generated in the country.
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