OCTOBER- NOVEMBER - 20249TOP STORIESRISING SOLAR DEMAND FUELS LOCAL MANUFACTURING & SMALL INDUSTRY GROWTHUnion Minister Pralhad Joshi stated that the rising need for solar panels and related technology is driving local manufacturing, leading to economic growth in small industries. The Minister, speaking at the third edition of the High-level Conference on New Technologies for Clean Energy Transition in the national capital, stated that advancements in technology are greatly improving the effectiveness of solar panels."This conference has brought together policymakers, experts, industry leaders, and leaders, highlighting our global awareness. Our goal is to drive real-world change and make significant progress towards achieving the climate targets through collaboration, innovation and knowledge sharing," he said.He stressed storage technologies stating them as "very critical". "Innovations in battery storage allow the excess energy generated to be stored fully used to fully used during the cloud detail or at night."Prashant Kumar, who is the Secretary of the Ministry of New and Renewable Energy, emphasized that solar energy is becoming more and more cost-effective for the power industry. "Traditional silicon-based photovoltaic panels have been a backbone of solar power for decades. However, recent innovations like the perovskite solar cells are changing the game," said the Secretary. IMRINDIA LOOKING EXPLORE NEW VENTURES WITH SAUDI ARABIA IN EMERGING AREASWipro Hydraulics opened its sixth manufacturing plant in Jaipur, Rajasthan, constructed with approximately Rs 250 crore in investment. The inauguration of the plant was conducted by Rajasthan Chief Minister Bhajan Lal Sharma, Wipro Enterprises chairman Azim Premji and Pratik Kumar -- Wipro Infrastructure Engineering CEO and Wipro Enterprises MD."The company has invested approximately Rs 250 crore to set up this facility, which is projected to generate about 400 jobs. We currently have a manufacturing capacity of 1,000 hydraulic cylinders per day, and we are fully capable of doubling it if and when the demand rises," Kumar told reporters here.He mentioned that Wipro now has six manuacturing facilities in India, with two in Chennai and Hindupur respectively, and one in Bengaluru, and it will serve both local and global needs. This area focuses on producing hydraulic cylinders and components for Wipro Infrastructure Engineering."Trained workforce, along with automation, will lead to better quality products, higher productivity, and also, better cost efficiency -- and that is what we aim to establish."All the machinery used here is made in India, and we do 100 per cent of our assembly, manufacturing, testing, and packaging in-house," Kumar further said.Wipro Hydraulics, a division of Wipro Infrastructure Engineering (WIN), focuses on creating and producing tailor-made Hydraulic Cylinders for various sectors such as Construction, Material Handling, Forestry, Agriculture, Mining, and Truck Tipping. Having a history of more than 40 years in engineering and manufacturing, Wipro Hydraulics stands as one of the biggest independent Hydraulic Cylinder producers globally. IMR
< Page 8 | Page 10 >