Ravichandran Purushothaman, President,  Danfoss Industries (India Region)
POWER & RENEWABLE ENERGY

Ravichandran Purushothaman, President, Danfoss Industries (India Region)

It may be useful to look at an incentive-based mechanism for the larger companies to drive this within their supply chain thereby working towards the larger goal of a decarbonised India. In this regard, it would be great if PLI schemes are extended beyond solar include wind and other renewable projects.

Given the cash crunch faced by many in the industry currently, a faster pace of skill development and investment in sustainability can happen, if the government gives subsidies and tax breaks for companies investing in skilling and reskilling of employees to adopt and adapt faster to more energy efficient and sustainable technologies, thereby helping in creating a greener tomorrow for India.

Over the course of the next decade, electrification will be pivotal in redefining the transportation sector. India is currently importing most of the technologies related to this sector, and to become economically viable we will need to disrupt some of the technologies that are currently in vogue. To make electrification a lucrative choice for consumers in India, we also need to get India fully connected on the grid and have proper charging and storage mechanisms spread throughout the country. More budgetary outlay is also required in the commercial vehicles sector to draw on the achievements of the FAME scheme.

It may be useful to look at an incentive-based mechanism for the larger companies to drive this within their supply chain thereby working towards the larger goal of a decarbonised India. In this regard, it would be great if PLI schemes are extended beyond solar include wind and other renewable projects. Given the cash crunch faced by many in the industry currently, a faster pace of skill development and investment in sustainability can happen, if the government gives subsidies and tax breaks for companies investing in skilling and reskilling of employees to adopt and adapt faster to more energy efficient and sustainable technologies, thereby helping in creating a greener tomorrow for India. Over the course of the next decade, electrification will be pivotal in redefining the transportation sector. India is currently importing most of the technologies related to this sector, and to become economically viable we will need to disrupt some of the technologies that are currently in vogue. To make electrification a lucrative choice for consumers in India, we also need to get India fully connected on the grid and have proper charging and storage mechanisms spread throughout the country. More budgetary outlay is also required in the commercial vehicles sector to draw on the achievements of the FAME scheme.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?