We aim to be No.1 Company in customer satisfaction by striving to c reate INSPIRING THE NEXT with pursuit of creativity and technical expertise
I am delighted to share your Company's performance and our work towards a stronger faster & brighter 'Urja' at the 27th Annual General Meeting of the Company.
Our Mission and Vision
Our vision & mission is to fulfil our role as a global company with the creations of employment opportunity and by creating URJA KENDRA with new innovation and technology for pollution free environment & solution to global warming through renewable energy & electric vehicles industry with 6P's principal i.e. Public Private Panchayat Progressive Profitable and Partnership.
is the guiding light for the team at Urja. Our aim is to accelerate the adoption of solar technology across the globe to conserve our Environment and provide an environmentally friendly Sustainable and conflict free power supply. Urja brand continues to emerge stronger through constant innovation product launches marketing and creating relationship with consumers on an ongoing basis. We managed to provide our Customers high value products and solutions through building our strong foundation in manufacturing and our commitment to Innovation efficiency quality and viability of our products thereby resulting in profitability.
Your Company has executed various projects and initiatives during the year. Urja has signed Memorandum of Understanding with Andhra Pradesh Economic Development Board on 28th February 2019 for setting up of Integrated Plant of Electric Vehicles & Lithium Ion Battery Project in the State of Andhra Pradesh.
During the year your Company had participated in 8 Eco Friendly Electric Vehicles EXPO in India (EVEXPO 2018) supported by Ministry of Transport & Highways from 21stDecember 2018 to 23rd December 2018 offered compreh ensive market information great business opportunities and a platform for networking. The Company had also conducted Ride Asia Expo (RIDEASIA- 2019) (A tour to Asia's Vehicles) for attracting dealers distributors importers and entrepreneurs who are looking new business opportunities in E-Vehicles at Pragati Maidan New Delhi 30th May 2019 to 02nd June 2019.
The rising environmental concerns accompanied by technological advancements is driving transformation of the global energy landscape. Since 2010 the costs of new solar PV solutions have come down by over 73% and for wind solutions by an estimated 30% facilitating rapid deployment of renewable resources globally. Renewables have become the technology of choice as a result of falling costs and supportive government policies. It has brought about a change in the electricity markets from centralized to decentralized power markets opening business service opportunities for power utilities. As the world is also rapidly electrifying electricity generation continues to be reliant on coal especially in developing economies. Change in generation mix skewed towards non-fossil fuels is quite evident in the advanced economies. A move towards cleaner energy mix and a service-oriented economy is being witnessed in major energy consuming nations like China US and India.
India's expected GDP is 3.3% in 2019 and is expected to reach 7.5% in FY20 and 7.7% FY21. The expected growth is reflective of strong demand for goods and services and increasing Industrial activity among the eight core sectors coal crude oil natural gas refiner products fertilizers steel cement and electricity. India was ranked 77th out of 190 countries that are included on the World's Bank Ease of doing busi ness Index for 2019. India aims to be the third largest consumer economy as its consumption may triple to US$ 5 Trillion by 2024 owing to shift in consumer behaviour and expenditure pattern
I thank the entire URJA team for their dedication hard work and commitment which has kept Urja on the trajectory of success. I would like to place on record my sincere appreciation towards the Board of Directors for their guidance and my gratitude towards all our stakeholders for their continuing faith in Urja.
We have always believed that Will Power is Wheel Power