RMC Switchgears unveils subsidiary for water management in India with IoT
RMC Switchgears Limited has announced the establishment of its new subsidiary, Intelligent Hydel Solutions Private, marking a significant stride in the realm of Water IoT Solutions. With a majority stake of 51% in the newly formed entity, RMC is set to make its mark in the water management sector through innovative, intelligent solutions tailored for the Indian landscape.
Strategic importance for India
This venture comes at a critical time for India, where water scarcity and inefficient water management pose significant challenges to sustainable development. By leveraging IoT and smart technologies, RMC aims to enhance the efficiency of water use, reduce waste, and improve water quality across various sectors.
In a statement, Ankit Agrawal, Whole-time Director & CFO of RMC Switchgears Limited, emphasised the significance of this initiative, “The formation of Intelligent Hydel Solutions is a direct response to India’s acute need for advanced water management solutions. By integrating IoT technology with our expertise in electrical and water systems, we are poised to make an impact on how water is conserved, distributed, and managed. This initiative not only represents a significant business opportunity for RMC but also our commitment to contributing to a sustainable future for India.”
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