The Hindu Business Line : `India likely to invest $650 b in energy sector over 25 years'

DEFT TOUCH: (From left) Dr Baldev Raj, Director, Indira Gandhi Centre for Atomic Research, Mr J. Balu, Chairman, Subcon 2007, and Mr Muthusamy, President, Codissia, at the inauguration of an exposition in Coimbatore on Friday. — S. Siva Saravanan

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Coimbatore Feb. 23 Global investment in the energy sector is projected at about $10 trillion over the next 25 years and India is expected to invest about $650 billion in energy projects, according to Dr Baldev Raj, Director of Indira Gandhi Centre for Atomic Research (IGCAR).

Of the $650-billion investment, materials cost is estimated to be around Rs 40,000 crore. This means, Dr Raj said, every category of manufacturing/services industry having capability to contribute would have opportunity to take its share in the investment pie.

Inaugurating the three-day `Subcon 2007', the biennial exhibition on subcontracting organised by the Coimbatore District Small Industries' Association (Codissia) at the Codissia trade fair complex here on Friday, the IGCAR Director said the expo organisers should channelise their energies by bringing specialised sectors like energy under the ambit of `Subcon' considering their vast potential to touch every sphere of industrial/economic activity.

India could achieve global competitiveness in software and in a limited way it has demonstrated it in auto components manufacture. It is also trying to prove its prowess in the spheres of pharmaceutical and energy equipment, he added.

Mr J. Balu, Chairman of Subcon 2007, pointed out that the expo has provided the platform for large industries having finance and volume production and small-scale industries having flexibility in manufacture and efficiency in delivering supplies for interaction on vendor procurement policies, quality standards and logistics to be decided.

With steady rise in participation over the first two Subcon editions of 2003 and 2005 (the Subcon 2007 could attract 206 stalls of 190 participant companies), the current fair with a floor occupancy of 1,450 sq.ft. is expected to generate business worth Rs 75-100 crore during the three days of proceedings, he felt.

The buyer-seller meets at this expo would wade through the issues of customisation of products, price competitiveness and quick turnout in product design, and all issues of customer demands confronted by the manufacturing sector, said Mr C. Muthusami, President, Codissia.

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