View Point

Yogesh Mudras, Managing Director, UBM India

Year 2017 witnessed various developments in the renewable energy sector in terms of growth, which was fueled by policies, reforms and investments given that it is one of the focal areas. The continued government support and improved economics attracted more investments in the developmental growth of the sector.

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Tulsi Tanti, Founder & CMD, Suzlon Group

The structural changes introduced by the government last year augur well for the Indian economy in the long term. The introduction of the Goods and Services Tax (GST) will have a positive effect on the overall health of Indian economy, especially when accompanied by further reforms. Focused reforms on doing business have helped India move up the rankings on ‘Ease of Doing Business’ by 30 places to 100th position. The expectations from the Union budget 2018-19 are:

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Shrinivas Chebbi, President – Building Business, Greater India Zone, Schneider Electric India

We expect the Union Budget 2018 to have significant growth-centric announcements in terms of energy conservation and effectively implementing policies in the adoption of safe, reliable efficient and sustainable buildings.

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Anil Chaudhry, Country President & MD, Schneider Electric India

Schneider Electric

The years 2016 and 2017 witnessed major policy reforms by the government of India, including GST implementation, a boost to the renewable sector and some specific financial push to the overall infrastructure segment of the country. We expect the upcoming financial year to reap benefits of the investments and initiatives made by the government in the last few years.

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Amit Gossain, MD, KONE India

The government can propose “Priority Sector” lending status for home loans up to certain limits in metros and non-metros; metros with higher slab and non-metro with a lower slab. This would help people to get access to funding at a cheap cost. This would spur the growth for real estate industry. Today the industry is hard-hit and availability and access to the funds is very difficult.

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V.P. Mahendru, CMD, EON Electric Ltd

India is all set to become the most-populous country in the world by 2030. An anticipated increase in urban population of 500 million people during 2010-2050 in megacities like Delhi, Mumbai, Bangalore, and Kolkata will pose a huge challenge to meet the electricity demand. Smart LED lighting is the only solution to address the power shortage for lighting purposes which leaves less carbon footprint as compared to conventional lighting solutions such as CFLs, halogens and incandescent lights.

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Dr. Hitesh Doshi, Chairman & MD, Waaree Group

We welcome this initiative by the Government, as it is bound to increase employment and help achieve the required energy security in the country. The duty will give the necessary boost to solar cell and module manufacturers, and help protect the industry from the long standing challenge faced due to dumping.

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Jim Yong Kim, President, World Bank

I am very excited to share with you the partnership with Energy Efficiency Services Ltd or EESL, acompany that finances residential and public-sector energy efficiency investments in India. EESLhas already deployed more than 275 million LED bulbs, 4.2 million LED tube lights, and 4 million street lights in municipalities throughout India.

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Tushar Gupta, Executive Director, NTL Lemnis

Tushar Gupta shares his view point on a recent Nielsen study on LED bulbs available in the Indian markets.

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Sameer Gupta, Chairman & Managing Director, Jakson Group

We welcome the Saubhagya Scheme launched by Hon’ble Prime Minister Shri Narendra Modi for providing free electricity connections to an estimated 40 million poor households across India, rural and urban. The new scheme is bound to trigger a series of social benefits that electricity can bring to un-electrified households, including creating jobs. With an end-to-end, concept-to-commissioning model, Jakson Group has extensive experience in executing several urban and rural electrification projects across India. With our strong EPC capabilities, we are well positioned to contribute to this key policy initiative that can help meet national development goals.

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