India has to build three new Indias in the next 25 years and that will drive demand: Thermax Group CEO

economictimes.indiatimes.com:

Ashish Bhandari, MD & CEO, Thermax Group, says “by 2030, almost two-thirds of Thermax would be growing businesses that are very small today as part of the larger Thermax portfolio. We expect to drive almost every one of these newer areas that we are getting into and they are not necessarily, there are solutions around; even cooling, For almost everybody that I speak with, including people that are looking to add capacities in India, the domestic consumption story is a big part and perhaps a bigger part of the dialogue.”

Given that we are at perhaps the brink of the manufacturing renaissance in India, what role do you see the Thermax Group playing in the next three to five years?
Ashish Bhandari: Thermax is a company that has been part of India's energy spectrum for more than 50 years. As we look at the future, we see our role very clearly as one that balances energy availability with energy sustainability. So, energy transition-related technologies, not just green but how do you make the existing carbon footprint greener, more efficient and better.

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How do you do more waste-to-energy-related projects, biomass, renewables; how do you make coal cleaner, all of these solutions are part of what Thermax looks at for the future.

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