“Year 2016 and Prospects for 2017”.
The year 2016 has been an eventful year for the power sector with positive Government initiatives such as the UDAY scheme, Deen Dayal Upadhaya Gram Jyoti Yojna (DDUGJY) and Integrated Power Development Scheme (IPDS). All these reforms announced by the Government are expected to have a long term positive impact on the sector making it more efficient and profitable, and also ensuring 24*7 power supply for all. Further, the mandatory use of smart metering solutions and emphasis on other energy efficient measures will help improve operational efficiencies in the sector.
The Demonetisation reform by the Government will hit the unorganized sector in the electrical equipment space, positively impacting the business prospects for branded players. Apart from this, the passing of the GST bill will improve business efficiencies of individual companies, while also creating an overall environment which promotes ease of doing business in the country.
