Partik Munjal

Aug 12, 2023 | theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal |Sudhakar Singh

The solar energy market in India has undergone significant growth and transformation in recent years. India's emphasis on sustainable energy sources, coupled with favorable government policies, has driven the expansion of the solar energy sector. One of the key drivers behind the growth of the solar energy market is the government's ambitious targets and initiatives.

Aug 11, 2023 | theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal

The Union Minister for New & Renewable Energy and Power, Shri R. K. Singh, revealed that India has been ranked 46th in the “Frontier Technologies Readiness Index” of the “Technology and Innovation Report 2023,” published by the United Nations Conference on Trade and Development (UNCTAD). The report assesses countries’ preparedness for embracing cutting-edge technologies.

Aug 10, 2023 | theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal

SJVN Ltd, a state-owned company, has signed preliminary agreements for the development of solar parks and projects with the Oil & Natural Gas Corporation (ONGC) and Sambhar Salts Limited (SSL), a division of Hindustan Salts Limited. According to a statement by SJVN Ltd's CMD, Nand Lal Sharma, the company has signed two Memorandums of Understanding (MoUs) with ONGC and SSL.

Aug 10, 2023 | theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal |Sudhakar Singh

Leading a business in the industrial springs market requires a combination of industry knowledge, strategic thinking, and effective leadership skills. To successfully navigate this market, a leader must understand the diverse applications, materials, and quality standards associated with springs. They need to stay updated on technological advancements and market trends, ensuring the business offers innovative solutions that meet customer needs. Innovation and customization play a significant role.

Aug 10, 2023 | theindustryoutlook.com | Prithish Chowdhary |Richa Singh |Partik Munjal

In 2012, we started supplying to Toyota which added a feather to our cap. We have also been a major import substitute supplier for many of our customers”. As the MD of Elvee Springs, Prakash faces various challenges, including fierce competition, a shortage of skilled employees, increasing raw material prices, and high taxation. "We overcome these challenges by strategically serving specialized sectors and supplying highly critical springs and wire forms that only a few manufacturers can produce.