Indian Electrical & Electronics Manufacturers' Association (IEEMA), the apex association of electrical equipment manufacturers in India, on Tuesday hosted 'Resonant East', the Eastern Region Summit 2013 at Bhubaneshwar.
The Summit was the first high power meeting is taking place in Bhubaneswar, singularly focusing on power sector opportunities in the East.
The Summit was graced by Odisha Energy Minister Arun Kumar Sahoo, Energy Secretary P K Jena, J G Kulkarni, President - IEEMA, Vishnu Agarwal, Vice President - IEEMA, and was attended by a large number of industry chieftains and dignitaries.
Sahoo, in his address at the Summit, said, "The Eastern Region Summit organized by IEEMA will pave the path for new dimensions in the Odisha power sector which today is poised to turn a corner and is on the verge of making Odisha the power hub of the country.
"While the sector need to give quality and credibility topmost priority, work needs to done towards improving the availability of skilled manpower, increased focus on R & D and achieve global competence."
"I would like to assure you that the State Government will provide all necessary support and assistance to anyone who would like to set up business here and wish the Summit all the very best.
"I would also like to thank and congratulate IEEMA and IPICOL for working together to host the Summit in Bhubaneswar," he said.
Kulkarni said, Odisha is going to be the 'Power House' of the country within a few years from now, given the fact that the state alone is endowed with about 27% of nations coal reserves.
"As the state is going to have installed capacity of more than 40,000 MW within coming five years, I hope that Odisha is going to be a major market for the electrical and power equipment industry."
"The huge electrical industry will not only require plants and equipment worth several billion Rupees during the erection/commissioning, but also provide a perennial market for electrical manufacturers by way of operation and maintenance."
Jena, in his address on Power Scenario and Opportunities of Electrical Industries, said, "Odisha was a power surplus state till 2009 but over the last three years has slipped into a deficiency due to major hydro failure. We expect a similar deficiency this year too but we don't face power cuts.
"In the transmission sector, the State has invested Rs. 7,500 crores and with the need to transport 3500 MW across the State we expect to invest an additional Rs. 7,500 crores. There are enough opportunities in Odisha and we warmly welcome you."