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We are helping states make EV policy stable: ABB India MD Sanjeev Sharma

On the utilities side, thermal generation is muted and being replaced by renewable, says Sanjeev Sharma

ABB India MD Sanjeev Sharma
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ABB India MD Sanjeev Sharma

Vinay Umarji
ABB India commissioned India’s first industrial solar microgrid at its Maneja facility in Vadodara, Gujarat, on Thursday. In an interview, Managing Director Sanjeev Sharma tells Vinay Umarji that the company will look at opportunities in emerging areas such as electric vehicle (EV) charging and power solutions in transportation apart from microgrids. Edited excerpts:

How are the trends in the power sector shaping your business? 

In mid- to long-term, India will invest heavily in three segments that we service — utilities, industries and transportation-infrastructure.
 
There are a lot of non-performing assets (NPAs) available for purchase. Right now, instead of going into