[Budget 2020] Budget gives impetus to power and infrastructure sector: Gautam Seth
According to Gautam Seth, Jt MD, HPL Electric & Power, FM’s announcement to replace energy meters with pre-paid smart meters will help in bring about more financially healthier utilities
The annual budget announced by the Finance Minister (FM) has given special impetus to the power and infrastructure sector and allocating Rs 22,000 crore for renewable and power sector is going to push for faster development and growth across sector, according to Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd.
Reacting to the Budget 2020, he said, “The announcement made by FM to replace energy meters with pre-paid smart meters will further help in complete digitization of the whole system and will help in bring about more financially healthier utilities. The FM has urged state governments to implement smart meters in the next three years and HPL being one of the leading manufacturer of smart meters sees this as a huge opportunity. In addition, the implementation of five smart city projects in PPP mode will give more opportunities to the private companies.”