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Hyosung participates in the GRIDTECH 2015 to tap into the power market in India

Whowired News Team  |  press@whowired.com
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듅씤 2015.04.09  15:31:18
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Hyosung Corporation, a Korea-based industrial conglomerate in the fields of chemical industry, industrial machinery, IT, trade, and construction, will participate in the Grid Tech 2015 exhibition in its efforts to attract new clients in the Indian and the wider Asian market.

The Grid Tech exhibition is India’s largest biennial conference and exhibition on new technologies in power transmission, distribution, smart grid and communications, and this year it will be held from April 8 to 10 in New Delhi.

At the exhibition, Hyosung plans to contact major players in the power market in India and Asia including the PGCIL (Power Grid Corporation of India) to broaden its network in the region.

The Korean business group will also introduce the 800kV GIS and the 765kV ultra-high-voltage transformer, its strategic products to the Indian market, at the exhibition. It will also exhibit smart-grid products including Energy Storage System (ESS) technologies.

A high official from the company said, “India is not an easy market to enter into since the country has high standards for technology and know-how in its power market. But we will aggressively tap into this highly promising market with our globally accumulated technology know-hows.”

As India’s power consumption has been surging rapidly over recent years due to the government’s initiative to boost the local manufacturing industry, the power market of Asia’s third largest economy has been expanding at an annual rate of higher than 7% and is projected to grow to a 670GVA market. 

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