Focusing on the need to resolve environmental issues, India recently collaborated with other nations at the G-20 summit. The event was graced by the presence of Prime Minister Narendra Modi, who asserted that India will honor the climate deal in “letter and spirit”. He further highlighted the importance of developing nations to have enough room to grow.
Mohit Aggarwal Aastha Group CMD, believes that the judicious use and responsible harnessing of natural resources, along with the support of sustainable infrastructure is imperative to making a difference and helping the nations to realize the clean energy vision.
It is believed that the strategic deployment of digital technologies can help in striking a balance between green and growth, resource and infrastructure and profits and people. Faster returns on investment for digital technologies are potent enough to act as a catalyst for mass deployment.
As a matter of fact, India’s focus on renewable energy target of 175 GW by 2022 necessitates a greater focus on digital technology for faster integration and managing the resultant intermittency in resource. According to a recent Accenture report, “IoT and digital technology is estimated to yield 12 to 15 percent to EIBITA in the mining sector. Currently industrial IoT entails integration of operations, remote monitoring, for safety and maintenance however one is yet to leverage predictive analytics.
Drones are being encouraged and set to help in volumetric analysis, lease boundary and thermal analysis, combining regulation requirements and environment management. With digitalization of the value chain, more accurate demand and delivery modelling, mechanisms like remote monitoring can help reclaim and recycle a significant quantity of the steel. The relatively faster payback time for digital technologies can help offset the high debt burden for a lot of companies in this space, marked by global volatilities and pricing cycles for commodities.”
India happens to one of the leading coal producing countries and the fourth largest coal importer. Mohit Aggarwal of Aastha Group predicts that its coal producing capacity will increase to about 1 billion tons by the year 2020. Clean coal technology seems to be feasible to meet India’s COP21 target.
Certainly, a lot can be achieved by focusing on clean coal production. It is likely to establish India as the natural resource champion sustainably.