PLI Scheme powers ₹12.5 lakh crore boos spurs jobs and cuts imports in key sectors

Policies like custom duty hikes on imports, subsidies for component manufacturing, and the 'Atmanirbhar Bharat' initiative encourage self-reliance for Indian manufacturers.

- Piyush Garg

India's energy sector is experiencing rapid evolution. This evolution is driven by renewable energy expansion, advanced electrical equipment demand, and grid modernisation. Government initiatives like the PLI scheme foster domestic manufacturing, innovation, and sustainability. Piyush Garg from Balaji shares more insights.

How are manufacturers innovating advanced electrical equipment to meet the demands of renewable energy integration?

There are two big reasons for the surge in demand for advanced electrical equipment: incentive schemes being launched to support RE power generation initiatives and the growing demand for smart and energy-efficient infrastructure in urban and rural developments. Alongside, the government is working on grid modernisation that demands advanced electricals to be RE grid compatible for a smoother transition. In this aspect, manufacturers must innovate and work on R&D to make their products more efficient. Products like energy meters, switching devices, and circuit breakers must be smarter to support real-time tracking and data monitoring. Utilities invest in digital substations, AI-driven power management, and IoT-enabled monitoring systems to enhance grid resilience. Governments and industries are also adopting microgrids and hybrid power systems, further accelerating the demand for intelligent switchgear and protection devices.