HomeNewsBusinessEconomyGoyal wants local power equipment cos to help lower imports

Goyal wants local power equipment cos to help lower imports

Industry needs to innovate and redesign electrical equipment that can use the abundant domestic coal which has high fly ash content so as to reduce dependence on imports, Union Power Minister Piyush Goyal said today.

September 30, 2016 / 19:30 IST
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Industry needs to innovate and redesign electrical equipment that can use the abundant domestic coal which has high fly ash content so as to reduce dependence on imports, Union Power Minister Piyush Goyal said today.

"There is a need for us to become self-reliant and self-sufficient as we have to fight the competition on economic and fair terms," Goyal said at an event organised by the industry body IEEMA.

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"Some of our equipments like boilers have been designed in such a way that there will be coal shortages and that might be forced to depend on imports. But today, with a surplus coal production, we need to develop boilers and other equipment that can use the domestic coal," the minister said.

He said the country imports nearly USD 10 billion worth of electrical equipment and this needs to change.