Udaipur. Shakti Pumps India Limited is well known in the industry and manufacturing pumping solutions for different sectors such as agriculture, industrial, domestic and horticulture. The company plans to diversify its product portfolio through this new facility. All main solar integrators of India and leading professors from top five IIT’s attended the function to strengthen the confidence of Shakti in power industry. The new facility will manufacture and assemble solar variable frequency drives (VFDs), hybrid inverters, motor starters and other power electronics products. The plant has a total manufacturing capacity of 1 lakh VFDs and inverters per annum. The company plans to use around 10% of the capacity in the first year, by producing 10,000 VFDs in this current financial year.
“Our plant is unique as we have research and development facility and the new manufacturing facility at the same place, unlike other key players who run their design facility (R&D) and manufacturing facilities from different places,” said Mr. Dinesh Patidar, Managing Director, Shakti Pumps (India) Limited.
Shakti Pumps R&D facility is recognized by Government of India, Ministry of Science & Technology, and Department of Scientific & Industrial Research.
“The new plant will also create employment opportunities in the field of electronics and power electronics in central India and will give way to a skilled workforce in the region,” added Patidar. The company will manufacture three different product lines from this new facility: electric motor drive (VFD) (1-10HP)- is a universal drive series for different type of motors, electronic motor starters (1-100HP)- soft starter and other digital starters, and hybrid Inverters (1-10kVA).
The drive will find application in the solar pumping industry, process industry and textiles and wherever speed control is required such as conveyors, extruders, pumps, fans, compressors etc. The global variable frequency drive market is projected to grow at a CAGR of 5.94% from 2016 to 2021. By 2021, the market will be worth $ 24.8 billion.