Demand for energy efficient solutions in India is growing. Abel Garamhegyi, Managing Director of Barco India shares his observations on domestic market.
What is your observation on current energy market?
The demand is growing in the energy market as a result of the economic growth. Energy efficiency is also growing not only in consumption but also in energy production. On the market side today, companies are successful who are applying the latest technology as the development cycle is a very important part.
What kind of participation do you have in the energy market?
We are into process control and control room visualization. This is also the part of technological development and the energy efficient solutions.
Who are your major clients in this field?
We do have major clients in the private as well as public sector such as BSES, BBMB, NDPL, NTPC, NHPC, PSEB, PGCIL, WBSEB, Reliance Industries, GPEC, GSEC, Jindal Power, etc.
Can you share about some details about some exemplary projects?
We have done Reliance's Jamnagar Refinery main control center (MCC) with around 250 sqm large screen visualization, HMEL MCC with around 110 sqm, NTPC's multiple large screen visualizations and Jindal's power plants.
Do you see any impact due to slow economic growth?
Yes we can see that, some part of the market goes low budget solutions which probably are not the best utilization of your investment. Barco is basically keeping the technological level high because we think long term and on the other hand we have more cost effective products recently. One should always go for good product, quality and not compare the quality with price and buying cheap stuff.
How do you compare the domestic market with international markets?
The international market is much more sensitive for quality; whereas in India especially in the public sector still the transparent process is missing to go for quality.
Where do you see the company after five years down the line?
The footprints of Barco in India shall be twice as much as today & we are very confident about this.
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