Yes of course! Energy Efficiency Services (EESL)'s procurement of smart meters have already started pushing down the cost. In November-December, last year, EESL has come out with a large tender, and I remember, an announcement of 14 per cent lower pricing than the earlier tenders.

Elecrama 2018 was not merely an exhibition. It reflected the industry sentiment. Looking at the numbers- Rs 65 billion of business queries generated, footfall of around 298,000 and 1,200 exhibitors-it seems all is well with the power sector.

India for us is a very important market because of being the fastest growing globally. In our global automation portfolio, we have one of our factories in Goa where we not only design and develop products for India, but also for the global market.

Until last 10 years, we were a power deficient country. We did not have enough power to serve our citizens. Now, we are not only a power surplus country, but are now talking of exporting power. In addition, India is becoming a major renewable hub with solar contributing lion's share.

Our research and development (R&D) teams are constantly working towards designing and developing integrated solutions focused on the smart energy efficient products catering to the Smart Cities initiative by the government.

The growth in power demand accelerated significantly in the current financial year. UDAY is certainly a key contributor to this because the immediate savings in cost (the restructuring plan, on an estimated basis, reduced interest costs by as much as 47 paise per kWh), allowed utilities to maintain tariffs at lower levels, thus attracting more marginal consumers.

Saurabh Kumar's eyes light up the moment one starts talking to him about his favourite passion, energy efficiency. An Indian Revenue Service (IRS) officer of the 1992 batch, Kumar took charge as Managing Director at the Energy Efficiency Services Ltd (EESL) in May 2013.

Digitisation has been at the forefront of power sector for the past decade in India. Evidently, the stakeholders in the electricity value chain have been investing considerably in the Internet of Things (IoT) to enhance efficiency.

There are the two aspects with smart grids that are changing the industry. India is definitely moving towards implementing a smart and sustainable system. I want you to see smart grids in terms of their application in the Internet of things (IoT) technology.