Since many years I have been a big fan of Swaminomics, the editorial column of Swaminathan Iyer in the Sunday Times of India. If you see the sunday times of last 3-4 years (I do not know before that as I used to read some other newspaper before that) he has regularly talked about the energy security. Here is another article on this issue.
The IT services industry has changed India in a way no one would have imagined. Most of the people of my father's generation never went outside India though they had the higher educational qualifications. And when I see my orkut profile I find my classmates all over the globe. Could a farmer or a clerk imagine that his son/daughter would go to Europe, Japan, USA, Australia.... But that's reality today. And that's just one of the many ways IT industry has impacted us.
But India should not think that IT services would keep pumping in money forever. The way Bajaj used to think in 80s that Chetak would sell forever. Time changes, and it does faster than one relizes. It is time we should come up as superpower in some other area also. Energy services could be one such area. We could not become exporters of IT products but we became dominant exporters of IT services. The same way, we cannot become energy exporters but we can become dominant exporters of energy services. This includes nuclear power plants, equipments, manufacturing, commissioning, maintenance and manpower suppliers. This is going to be a HUGE industry in 10 years time.
2 comments:
good that UPA is now through with with the Nuke energy deal.. :)
Yes. Hopefully the deal will be through till the end. But importantly the industry (big players lile Reliance, L&T, Tata, Birla etc) should clinch the JV with europian nuclear energy companies early on. And government should understand and support them diplomatically and with policies.
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