ABB CEO Meets India’s Prime Minister Modi, Discusses e-Mobility, Renewables and Energy Efficiency
ABB CEO Ulrich Spiesshofer met India’s Prime Minister, Narendra Modi, in New Delhi during the MOVE Summit on 7th September.
Deepthi | Myequity news | Date : 08-09-2018 16:30:00 IST
Spiesshofer’s talks with the Prime Minister, Narendra Modi focused on how ABB can support the government’s renewable energy targets, and accelerate public transportation’s transition to electric power.
“By embracing e-mobility now, India can leapfrog other nations and become a world leader in e-mobility, while at the same time reducing emissions and dependence on fossil fuels. ABB is a technology leader for electric mobility and we are well positioned to partner India‘s electric mobility mission 2030. This is not just limited to EV charging infrastructure, but also includes the entire electricity value chain. We very much look forward to continuing sharing of ideas on driving forward India’s e-mobility revolution,” said Spiesshofer.
Spiesshofer’s meeting with the Prime Minister comes at a time when India has set an ambitious target of producing 227 GW of renewable energy by 2022, and has launched an initiative to electrically power majority of its public transport vehicles. India is also investing to make its power grid more resilient in the face of growing demand.
In India, ABB is the only company with capabilities spanning the entire electricity value chain, from grid infrastructure, to automation and power management, to electrification, including electric vehicle charging. ABB is a digital leader at the forefront of the Energy and Fourth Industrial Revolutions and has been a leader in electrification and e-mobility for well over a century.
ABB is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees.