IEEMA announces appointment of new President

JG Kulkarni, Executive Vice President of Crompton Greaves Ltd & President CG Power (Asia), has been elected as President, IEEMA for the year 2012-2013. Indian Electrical & Electronics Manufacturers’ Association (IEEMA) is the apex association of the Indian electrical equipment manufacturing industry. IEEMA has over 775 members encompassing the complete value chain in power generation, transmission and distribution equipment, having a combined annual turnover of over US$ 25 billion (approximately Rs 1.25 lakh crore. Mr. Kulkarni takes over from the current President Ramesh Chandak. IEEMA also announced the election of other office bearers – Raj Eswaran, Managing Director, Easun Reyrolle Ltd., and Vishnu Agarwal, Chairman and Managing Director, Technical Associates Ltd., as Vice Presidents for the year 2012-2013. Commenting on his appointment, Mr. Kulkarni said, “The year ahead is full of challenges and it will be my endeavour to spearhead some of the most critical business decisions that the industry has to take at this juncture including exports.” Speaking on recent development of ‘Financial reforms & policies for Discoms’, he said, “The government has initiated the steps in the recent past to rejuvenate the power sector. The financial distress in the power distribution sector has been negatively impacting the Electrical Industry in India. We hope these steps will put the nation’s power sector back on a high growth trajectory, which will positively impact the domestic electrical equipment industry.” He added, “We should imbibe dynamic production techniques to enhance cost efficiency, even while supplying products conforming to highest standards of quality. Critical attention is required in enhancing our cost competiveness, especially to withstand the overseas competition in our domestic market. We must broaden our horizons and think of the entire world as our potential market by scaling up our operations.”

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