B Sreenivas | Executive Director - South-East Asia, Operations, Circutor Energy Management Pvt Ltd
Do you see a revival for the segment any time soon?
The industry is hopeful of a revival for meters especially as there is an increase in energy related activities. New power projects are being awarded, new T&D areas are being added. Additionally, electric vehicles are the new trend in the market. This indicates that the dependency on fossil fuel will reduce, and electric power measurement requires a meter. We have seen infrastructure addition like added metro services to the public transport facility. Here too, measuring the consumption of electricity between station-A and station-B, requires a meter. All these facilities have triggered a momentum for the meters segment. I am sure demand will pick up from here on.
What do you expect from GoI´s smart meters announcement?
The smart grid/smart meters initiative will increase demand and could read as a fast revival for the meters segment. The demand proposition is expected to be 1:10, i.e 10 times of what it is now. Interestingly, some large residential complexes in the metros have already initiated energy management by segregating lines for heating, pumping and lighting purpose. Besides, it is now mandatory for new housing societies to provide charging stations for electrical vehicles in the parking area. Educating the end user is a huge, but necessary task.
Rate domestic products.
In technology Indian products are higher than international standards, but we lag in implementation wise we are far behind. There is wide gap between the two. This is the reason why people prefer to use imported equipments while installing a high value, technology projects in India.
Why this difference?
Indian companies look to book profits faster (in short time period). That makes it difficult when it comes to adaptation of technology. A new or advanced technology will take time to mature in any market. It is important to reach the level. It is difficult, but doable. However, Indian manufacturers/companies do not have the patience. That is why our products still lag behind.
How fast will India adopt to Smart meters?
The education is missing. So I would say, it is a long way for a country like India. Until there is completion, the implementation of smart metering would be a task. The government should create more awareness among people. A model similar to CFL upgradation can be adopted in case of smart meters as well. The metro-cities may take another two-three years for implementation; and for the whole of India, the time frame could be a decade.