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The new epicenter of economic growth, India has successfully weathered the international
recession and is consistently delivering above average results and returns to its
people and stakeholders.
The Indian economy has been propelled by the progressive policies that have been
instrumental in boosting demand as well as trade volume. The growth rate has averaged
around 9% and India was able to keep its economy growing at a healthy rate even
during the recessionary years.
India is driven primarily by domestic (consumer) consumption as opposed to its peers,
mostly who have attempted growth by export-oriented model. With the massive growth
of the Indian middle class, India is a burgeoning market with huge demands and an
appetite for infrastructure, goods and services triggering off a massive reorganization
initiative which is translating to major growth for infrastructural sector spearheaded
by the power sector.
Indian potential has been acknowledged and is an integral part of every global stakeholder’s
business plan. This potential is a twofold opportunity offering a part of the growth
story and the other real goldmine of tapping India’s huge human resources. Thanks
to a robust and competitive education system, vast numbers of educated and technically
qualified youth are the driving force of the new knowledge revolution in India.
The gen next have been instrumental in making India a preferred destination for
information technology led business practices and modern manufacturing processes.
Indian engineering has come a long way and is breaking new grounds. From a low cost,
volume driven model, Indian Industry has mastered the new paradigms of modern manufacturing
by introducing concepts such as frugal engineering and an amalgamation of technology,
price and quality.
The large talent pool offered by India has made it the favorite destination for
R&D for Global brands. The unbeatable mix of skills, expertise and competitive practices
provide global brands with crucial leverage to address broader opportunities while
remaining sensitive to diverse world markets.
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- > GDP growth rate of 9.7% in 2010, expected to be 8.6% in 2011*
- > India's total installed power capacity as on 2010 is 1,70,228.86 MW aims to add
82,000 MW by 2017**
- > India expects to generate 35GW of power through renewable energy sources needing
investments of up to US$ 55 billion by 2015
- > Indian MNCs made strategic global acquisitions worth US$31.9 billion in 2010 accounting
for 9% of the global M&A volume
- Facts and figures stated here have been taken from various sources ( *India Economic
Survey 2011, **CEA Report, IBEF & Analyst studies)
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Indian Power sector is seeing a meteoric rise being in the epicenter of this development
overdrive. According to the Ministry of Power, India's total installed capacity
as on October 31, 2010 is 1,67,278.36 mega watt (MW). India requires an additional
90,000 MW of generation capacity in the next seven years with a corresponding investment
in the transmission and distribution network is envisaged to be well over US$ 300
billion.
The rise in the Indian Competitive is it 1200kV prototypes or world's largest load
dispatch centre or the highly acclaimed frugal engineering. It has always been our
endeavor at ELECRAMA to showcase this to the world.
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