IN­DIA

Cambodian Business Review - - CONTENTS -

In­dia has ap­prox­i­mately 17.9 per cent of un­tapped elec­tric­i­ty­ef­fi­ciency po­ten­tial and op­ti­miz­ing in­dus­trial mo­tor- driven sys­tems would help de­liver over­all sav­ings up to 60 per cent on in­dus­trial elec­tric­ity con­sump­tion, ac­cord­ing to a study by Siemens Fi­nan­cial Ser­vices. In­dia ranks sec­ond fol­low­ing Rus­sia and ahead of China in elec­tric­ity-ef­fi­ciency po­ten­tial. With the Make in In­dia ini­tia­tive to boost lo­cal man­u­fac­tur­ing in In­dia, the man­u­fac­tur­ing sec­tor needs to con­stantly in­no­vate to im­prove op­ti­mum uti­liza­tion and re­main com­pet­i­tive. Both elec­tric­ity con­sump­tion and prices are con­tin­u­ously in­creas­ing over the last decade, be­sides the fact that elec­tric­ity us­age in the man­u­fac­tur­ing sec­tor surged over the last 40 years, ris­ing three times faster than over­all energy use. Elec­tric­ity also al­lows greater lev­els of au­to­ma­tion and dig­i­tal­iza­tion in the man­u­fac­tur­ing process. Hence, in­vest­ing in elec­tric­ity- ef­fi­ciency tech­nolo­gies not only helps cut energy bills, man­u­fac­tur­ing costs and car­bon emis­sions, but new equip­ment can also bring pro­duc­tiv­ity and ca­pac­ity im­prove­ments as an added bonus, thereby im­prov­ing busi­ness per­for­mance and com­pet­i­tive­ness. Tai­lored fi­nanc­ing ar­range­ments will prove fun­da­men­tal to the In­dian man­u­fac­tur­ing sec­tor in terms of energy- ef­fi­ciency. This will boost the gov­ern­ment's 'Make in In­dia' ini­tia­tive, plac­ing In­dia as a man­u­fac­tur­ing hub. Man­u­fac­tur­ers need to avail of the in­creas­ing range of elec­tric­ity- ef­fi­cient so­lu­tions which help in low­er­ing elec­tric­ity con­sump­tion, re­duc­ing trans­mis­sion losses and life- cy­cle costs, im­prov­ing busi­ness per­for­mance while also meet­ing en­vi­ron­men­tal reg­u­la­tions.

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