IEEMA plans incubation centre

Electrical industry body to hold Elecrama 2016 expo from Feb 13

Hyderabad: Indian Electrical and Electronics Manufacturers’ Association (IEEMA), which represents power generation, transmission and distribution equipment manufacturers, is planning to establish an incubation centre for startups.

“We are already in discussion with IIT Kanpur to establish an incubation centre. The institute has space where we will set up the centre for startups. Experts from IEEMA will mentor them,” Sunil Misra, Director General, IEEMA, told The Hans India.

The incubation centre is expected to ready in next six months. Thereafter, the industry body will identify potential startups for incubating at the centre. “Initially, we will identify a couple of high potential startups and mentor them,” he said.

On the power theft in the country, he said power distribution companies were losing Rs 1 lakh crore a year on account of electricity pilferage. “Serious efforts should be made to plug this,” he said. Meanwhile, the industry body is holding Elecrama 2016, its biennial exhibition dubbed as World Electricity Forum, for five days from February 13 at Bangalore.

The 12th edition of the show will focus on technology, new systems and best practices in electricity space. It will also forecast future trends in the electricity space, both from technology and a socio-economic point of view.

Several union ministers and experts from the industry from India and abroad will take part in the event. Organisers are expected a number of electrical and related companies from Telangana to participate in the exhibition.

Article Resource- The Hans India.

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