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Increased optimism on Chinese infrastructure investment

It is no secret that a period of volatility in China’s stock market this year gave many cause for concern. Since then, a growing debate about the health of the country’s economy has on occasion omitted encouraging signs of stability. In particular, critical clean power, environmental and water infrastructure projects have largely proceeded unhindered thanks to a central government stimulus effort that is beginning again to pick up steam.

Balu Balakrishnan, CEO and Director of Power Integrations, Inc recently offered an optimistic take on the promise of a renewed increase in China’s infrastructure spending after he was asked by an analyst about the government’s appetite for spending:

Evan Wang – Stifel, Nicolaus & Co., Inc. “I was wondering if you can give us some comparison against what your expectation earlier in the year that the Chinese Government might be resuming its infrastructure spending as part of the stimulus program and how is that looking now for 2016?”

Balu Balakrishnan – President, Chief Executive Officer & Director “It is actually looking very good. They have resumed investment in infrastructure.There are number of new high-voltage DC transition lines being installed in China. In addition to that, they are converting their public transportation, which is buses, into electric buses starting from Beijing and Shanghai where they have the most pollution, and we have actually a significant portion of that business that we have won on and we expect that to contribute to our growth this year and next year.”

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IIICorp Speaks with Indian Minister of Power

IIICorp had the opportunity to speak with Piyush Goyal, Minister of Power at last night’s Mumbai Press Club RedInk Media Awards at Nariman Point, Mumbai.

Minister Goyal has set ambitious targets, aiming to reduce carbon emissions by 30-35 percent. He provided encouraging feedback on IIICorp, particularly regarding our potential role in aiding India in meeting its emissions reduction and energy efficiency goals.

thumbnail_Piyush Goyal at RedInk Awards%2c Mumbai

At the ceremony, the minister thanked the media for bringing awareness to the fact that over 400 remote villages in India have become uninhabitable due to lack of power. The government is currently leading aggressive efforts to reestablish power in these rural areas. Measures to ensure transparency throughout this process have been implemented, engaging over 500 qualified engineers located throughout the country. Real-time data, available to the public through a mobile app and web dashboard called GARV, will be uploaded as villages become electrified.

(For more information on GARV, visit http://garv.gov.in/dashboard)