Delta Electronics to Invest in renewable energy in India
According to a senior executive at Delta Electronics, the company plans to prioritize investments in renewable energy, energy efficiency, and the circular economy in India.
The announcement follows the industrial automation behemoth’s $500 million investment in India over the next five years to expand manufacturing capabilities and establish new research and development centers.
Delta Electronics India currently employs over 3,000 people across the country in multiple manufacturing facilities.
“To sharpen its focus on the Indian market, we have designated India as a region within the organization and allocated additional resources accordingly. In the short term, we may concentrate on expanding our existing product lines, entering new markets, and collaborating with local companies to increase market share and revenue in India. Improving operational efficiency, supply chain management, and customer service could also be among its priorities,” said Benjamin Lin, president at Delta Electronics India.
Delta Electronics has grown its operations and invested in new technologies and R&D centers, all while developing innovative solutions to reduce carbon emissions and address climate change.
“In the long term, we have plans to invest in developing new products and solutions customized for the Indian market, investing in R&D, establishing new manufacturing facilities, and expanding our distribution network. As part of our growth strategy in India, the company may also prioritize investments in renewable energy, energy efficiency, and the circular economy,” he added.
He did, however, mention that one of the significant challenges confronting the industrial automation sector is a scarcity of skilled professionals.
“The industry requires highly skilled workers with expertise in fields such as robotics, artificial intelligence, and data analytics, but there is a significant shortage of these skilled professionals across the globe,” he said.
“As for the industry, the demand for energy-efficient solutions and sustainable infrastructure is likely to continue growing as countries worldwide strive to reduce their carbon footprints and transition to clean energy sources. This presents a significant opportunity for companies like ours to innovate and offer solutions that meet these changing needs,” said Lin.