IEEMA Journal June 2020

Page 1

the leading electrical & electronics monthly

VOLUME 11 z ISSUE NO. 10 z JUNE 2020 z PGS. 100

ISSN 0970-2946 z Rs. 100/-

Impact of COVID-19 and the Future of

Exports

Electrical Equipment Industry Self-R Rel eliaant

VVocal ocall for ffoor LLoooccall Digitisation issaation

Make in India

Automation atiioonn

Industry 4.00

See Inside... COVID-19 Stay Safe

In Depth - Dos & Don’ts for EHV Transformers SME Talk - 7KH QHZ GHÀQLWLRQ RI 60(V LQ ,QGLD COVID Warriors - $ UD\ RI OLJKW LQ WKH ÀJKW DJDLQVW WKH &RYLG Opinion - %HFRPLQJ VHOI UHOLDQW DQG WKH IDFWRU\ IRU ZRUOG



From From the the President’s President’s Desk Desk

Dear Friends, COVID-19 is a unique crisis that has been hitting the globe hardest in recent times. Along with lives, the pandemic has taken huge numbers out from economies. The biggest concern at this point for businesses is that there is no clarity on when things will normalize. Companies are battling with some key FKDOOHQJHV OLNH VNHOHWRQ VWDIĂ€QJ ZRUNLQJ FDSLWDO LVVXHV GHPDQG VWDJQDWLRQ DQ RYHUDOO VHQVH RI ORZ FRQĂ€GHQFH RQ HDUO\ UHYLYDO Finance Minister’s announcements though short of industry’s expectations, are D MXGLFLRXV FRPELQDWLRQ RI VWLPXOXV UHIRUPV 3DFNDJH UHĂ HFWV Ă€YH SLOODUV ODLG RXW E\ WKH 30 RQ ´$WPDQLUEKDU %KDUDWÂľ HFRQRP\ LQIUDVWUXFWXUH WHFKQRORJ\ GULYHQ V\VWHP YLEUDQW GHPRJUDSK\ GHPDQG ,I UHIRUPV DUH FDUULHG RXW LQ D WLPH ERXQG HIIHFWLYH PDQQHU WKH\ ZRXOG KDYH D VLJQLĂ€FDQW LPSDFW RQ ,QGLD¡V competitiveness with wide ranging implications for each sector, including our industry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o aid further , FM in her package of announcements also covered privatisation of Discoms in Union Territories 5V FURUHV SDFNDJH WR 'LVFRPV WR SD\ RII *HQHUDWRUV OLQNHG WR IXOĂ€OPHQW RI FHUWDLQ UHJXODWLRQV ,Q DGGLWLRQ WKUX DPHQGPHQW LQ )5%0 DFW SRZHU LV RQH RI WKH IRXU YHUWLFDOV ZKHUHE\ FHQWUH ZLOO UHOHDVH DGGLWLRQDO SDFNDJH WR WKRVH VWDWHV ZKR DJUHH WR LPSOHPHQW WKH PDQGDWHG PHDVXUHV WRZDUGV D KHDOWK\ SRZHU VHFWRU All this augur well for our industry as a healthy power sector in the country is bound to revive fresh demand for electrical equipment industry which has been stagnant for last few quarters, even before COVID. We are also KDSS\ WKDW VWDUHV KDYH VWDUWHG UHOHDVLQJ RXU RYHUGXH SD\PHQWV RXU GHPDQG IRU UHWXUQ RI EDQN JXDUDQWHHV IRU FRQWUDFWV H[HFXWHG IXOO\ SDUWLDOO\ LV DOVR DFFHSWHG ZH DUH VHHLQJ JRRG WUDFWLRQ KHUH %RRVW LQ H[SRUWV FRQWLQXH WR EH RQH RI WKH PDMRU UHYLYDO VWUDWHJLHV IRU WKH FRXQWU\ ZH IURP ,((0$ QHHG WR SOD\ a vital role here. In new geopolitical scenario, let us encash opportunities in exports without losing any time. How WR LQWHJUDWH RXU 060( PHPEHUV LQ WKLV PRYHPHQW LV D SULRULW\ IRU XV ZH KDYH EHHQ KROGLQJ VHYHUDO VHVVLRQV WR VHQVLWLVH WKHP XSJUDGH WKHLU NQRZOHGJH VNLOOV WRZDUGV WKH VDPH $W SUHVHQW WLPHV ZKHQ SK\VLFDO HIIRUWV DUH FRQVWUDLQHG GLJLWDO PDUNHWLQJ XSJUDGDWLRQ RI RXU ZHE VLWHV LQ D PRUH G\QDPLF ZD\ FDQ DOVR VHUYH XV EHWWHU LQ GRPHVWLF JOREDO PDUNHWV Industry should look at building operational resilience and leverage digital innovation and strategic collaborations to tackle challenges. This will be important both in the short run and in the long run – when global markets recover, and companies have the competitive edge to survive and grow. I am sure, with our coordinated approach with the *RYHUQPHQW RWKHU DXWKRULWLHV ZH ZLOO FRQWLQXH VROYLQJ RXU RWKHU LVVXHV DOVR PRYH WRZDUGV D PXFK KHDOWKLHU position in coming months. Not to forget, please continue to work on safety aspects in our work areas. While we protect ourselves, we don’t EHFRPH WKH FDXVH IRU VSUHDGLQJ WKH YLUXV IXUWKHU /HW XV EUHDN WKH FKDLQ RI YLUXV VWD\ VDIH KHDOWK\ KDSS\ This too will pass, %HVW :LVKHV

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June 2020


June 2020

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