Power and New and Renewable Energy Minister Shri R.K. Singh inaugurates IEEMA exhibitionDistribuELEC 2024, Mumbai.
Su-vastika showcased its Lithium based power back up solutions at the three-day exhibition and conference organized by Indian Electrical and Electronics Manufactures’ Association (IEEMA), titled ‘BID 2024’, which stands for ‘BuildELEC, IntelELECT & DistribuELEC-2024′ was inaugurated by Union Power and New and Renewable Energy Minister Shri R.K. Singh at Bombay Exhibition Centre at Goregaon, Mumbai today.
Speaking on the occasion, Union Minister Shri R.K. Singh stated, that India is the fastest-growing large economy, and that has been possible because of the electricity sector.
Without electricity there is no industrialization and the demand for electricity is growing in the country. Hence, there is a huge market for manufacturers in electricity sector, stated Shri R.K. Singh.
He further stated that the shares of all power sector companies have gone up. In our country, there are no bills pending for gencos (power generation companies), he added. “All the legacy dues have also been almost cleared off”, he said. Stating these, the Power Minister urged to the stakeholders of electricity sector to lead and grow. Further, there has been 65% increase in the transmission network in the last nine years.
Su-vastika’s stall saw a huge enthusiasm amongst visitors who were amazed by the latest developments in lithium technology and hoe it can replace generators and online UPS with ease and finesse.