Q. Brief our readers about the EPCOS TDK and its core business?
EPCOS India Pvt Ltd is a TDK group company and one of the leading electronics companies in India. We focus on demanding markets in the areas of Industrial and Consumer, Information and Communication Technology and Automotive electronics. The company has a network of design and manufacturing locations for film capacitors and ferrites and sales offices all over the country. Our sales portfolio includes electronic components, modules and systems, power supplies, magnetic application products as well as energy devices, flash memory application devices, and others.
Q. Now a days government is taking keen steps towards the solar energy what’s your take on this?
We have come a long way since the government announced plans to tap Solar energy to the level of 100GW, in 2014. From a sub 3GW level for many years prior to that, India is now moving close to 20GW and 100GW now looks like a realizable target compared to 2014, when the move started. This is really great from a sustainability perspective. The energy cost from Solar is now at a level lower than fossil fuel and thus penetration could be faster. It is now essential for us to develop local manufacturing capability to service this industry with cost viable components including cells, modules and Balance of System.
Q. What are the other products in solar and renewable you are coming up with?
As far as our products are concerned, they are limited to the supply of components for the inverters involved in the Solar PV generation. We would not be getting into making cells or modules or integrating a system. At a different level we do make solar cell for electronic applications like wearables, and this addresses a different market and for very low power requirement.
Q. Please share your International presence also are you in planning to expand your geographically location further?
We are a part of TDK Corporation, which is a Japanese company having a global footprint. Thus, we are already prominently present globally. Having said so it is pertinent to add that markets around India like the Gulf region covering Oman, UAE, Qatar, Bahrain, Saudi Arabia, Kuwait as also Nepal, Bangladesh and Sri Lanka are served by the set up in India. Also, products out of our factories address global demands and are channeled through our sales offices around the globe.
Q. What are the challenges that you are facing in spite the government is fully on towards the up gradation of various plans in solar power sector?
Being component suppliers the only challenge for us is the presence of local manufacturing of related electronics like inverters. Till the recent past a large portion of the balance of systems were being imported, but now in the past one year or so, we have had several big companies starting to produce here and that is a very positive sign.
Q. What is the market now and your future plans in coming 5 to 6 years and any new techniques that you coming up with?
The Indian market has been primarily driven by the industrial and home appliance sectore including mobility, energy, etc and our presence has been a dominant one. Even this market was contained by limited manufacturing but now the ‘Make in India’ initiative along with investments in infrastructure, power reforms and expected work in upgrading the railway system have given a fillip and we see a lot positive development in this segment. The other segments where we are strong are ICT (Information, Communication Technology) and Automotive. There are several initiatives and we looking to involve ourselves in these two segments with the emerging opportunities.