Interview/Pumps “Investment in Green Technology is no Longer an Option but a Requirement”
Energy efficiency, work safety and reliability - the wishlist for process pumps is long. PSG's Indian Sales Director Ravi Prasad talks about the Indian pump industry and the necessary steps it needs to take to match pace with its global counterparts...
PROCESS: How is the pump industry faring as of today?
RAVI PRASAD: The pump industry continues to rebound from the global economic downturn of 2008-2009. Investment in water infrastructure and power generation in countries such as China and India will play a prominent role in the global pump demand increasing in the near future.
While there had been a halt in new project investments in the water industry, many companies, including PSG, are seeing more and more water companies investing in the technology necessary to upgrade its existing infrastructure. The pump industry will also see strong gains in the oil & gas industry as the world continues to prioritize the extraction of shale oil.
Obstacles for India's Pump Industry
PROCESS: What are the roadblocks that are restricting the industry to match pace with their global counterparts?
PRASAD: One of the major impediments India has faced in keeping up with her global counterparts is having the necessary upgraded infrastructure in place to support the rapidly increasing population. Specifically, infrastructure improvement is needed in the energy sector.
No country or region can match India in terms of its rising electricity demands, but we need to swiftly adapt to new technologies, and policies, necessary to support these rising demands. This is also applicable to supplying clean water to India’s population. We have reached a critical point where investment in sustainable technologies must be prioritized.