Thursday 28 May 2009

India : Inc lost in power downturn

India Inc's downtime losses have doubled since 2003 and today the loss stands close to one per cent of India's GDP. Downtime losses, across all verticals has averaged to Rs 54,434 per hour, with highest in telecom and real estate or infrastructure companies, lowest in the SMEs. Major impact of downtime is employee productivity and customer management. This is what Manufacturers' Association for Information Technology (MAIT) the apex body representing the IT hardware industry in India and Emerson Network Power (India), find out in their joint study with consulting firm Feedback Business Consulting Services Pvt. Ltd on 'Network Power Downtime'.This analysis of the impact of downtime in corporate India due to high occurrence of power outages, scheduled as well as non-scheduled, revealed that India Inc lost Rs. 43, 205 crores in 2008-09. The amount of such direct losses have almost doubled since 2003 when these amounted to Rs. 22,000 crore. According to this study, Infrastructure stress on power utilities came up as a key reason for downtime. Companies, without alternative sources of power, were highly depended on the grid. Mumbai continues to be most depended on grid for power. As per the findings, 78 per cent respondents feel that power scenario will improve only after a year; confidence being lowest in Delhi and Pune, high in Chennai. Contingency planning figures already a part of the Indian business psyche with over 95 per cent firms having a power source other than grid supply.

For further details visit at www.ciol.com/Enterprise/News-Reports/India-Inc-lost-Rs-43,-205-Cr-in-power-downturn/27509120200/0/

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