To create an environment that will enable globally competitive exporters to emerge and flourish, an Expert Task Force was established early September this year. This was also a key topic at the World Economic Forum’s India Economic Summit held in New Delhi last week. During the panel discussion on ‘Manufacturing: Making progress in India’, Amitabh Kant, CEO of Niti Aayog, summarized the relationship between exports and India’s growth story. He observed that, “Indian companies cannot grow based on domestic demand alone and need to explore ways to tap into global supply chains. Indian companies should focus on developing quality and excellence, and grow MSMEs into larger entities to compete in the overseas market.”
Sanjeev Sharma, Managing Director of ABB in India and part of the panel, stressed the need for a greater push for the National Capital Goods Policy which, among others, aims to promote exports. “The focus must be on targeting developing markets and trade agreements, addressing non-tariff barriers, innovation in market approach along with a focus on SMEs,” he stated.
When it comes to exports and making in India, ABB has been at the forefront, manufacturing in India for six decades. ABB’s ten state-of-the-art global feeder factories have been making in India not only to fulfill requirements in India, but also ABB’s global requirements for these components.
Among ABB India’s global feeder factories is the Distribution Automation (DA) factory at Vadodara, which manufactures the Relion® 605 series of basic protection relays for medium-voltage power distribution in utility substations and industrial power systems, in both primary and secondary distribution networks. Rapid urbanization has resulted in sustained growth in the demand for power. Moreover, industry-led demand for power is rising owing to more companies manufacturing in India. But, there continue to be challenges in power distribution as a result of intermittencies due to renewables integration to meet this demand. ABB’s comprehensive range of solutions in the medium-voltage range provides utility, industrial and commercial customers with safe, reliable and smart technologies for the distribution of electricity.