23.5 C
New York
Saturday, July 27, 2024
HomeBusinessIndian-origin CEO of Australian renewable energy firm plans manufacturing shift to India

Indian-origin CEO of Australian renewable energy firm plans manufacturing shift to India

Date:

Related stories

India’s VOD industry to create 280,000 jobs by 2028, faces challenges despite rapid growth

India's video-on-demand (VOD) industry is set to create 280,000...

Blue Screen Day: Global outage leaves Microsoft users frustrated

In an unprecedented global outage, Microsoft services were down...

LT Foods opens new facility in Harlow to tap £1 billion UK rice market

LT Foods, an Indian-origin global FMCG company, has opened...

Mercedes-Benz eyes India’s electric vehicle market with new entry-level models

Mercedes-Benz is set to introduce entry-level electric vehicles (EVs)...

AI Firm C5i appoints Indian-American Ananth Raman as strategic advisor

AI & Analytics company C5i has announced the appointment...
A Brisbane based renewable energy technology company ZekiTek whose CEO, Rikesh Ram is Indian-origin has shown interest in the Indian market and plans to shift its manufacturing facility from Australian city to India.
Zekitek company manufactures electrical charging systems and aims to supply an integrated renewable energy generation ecosystem as well as electric solutions in India.
“We want to help communities, especially those in remote regions, with mobile and portable power systems,” Ram said at the sidelines of the 2024 Clean Economy Investor Forum, organised under the auspices of the Indo-Pacific Economic Framework (IPEF) here June 5-6.
The plan is to connect remote locality to ease the netwoeks covering health, education, and other services as added by Ram.
According to Ram, ZekiTek has already identified a potential investor in Gujarat. Once regulatory approvals and certifications are obtained, ZekiTek will start raising funds and shift its manufacturing facility from Brisbane to India.
The ZekiTek CEO sees huge potential for green and clean energy in India. ZekiTek’s ZekiGen system taps solar and wind energy to generate electricity and offers direct connections without requiring high investments in the distribution network, Ram explained.
ZekiGen systems are designed to operate 24 hours a day, generating and storing power through an in-built vertical wind turbine and solar panels, he said, adding that the system is also designed to tap wind energy created by fast-moving vehicular traffic in urban areas.
Besides, Ram said, the company is studying the potential of supplying DC (direct current) systems of 2 Kwh for two- and three-wheeler electric vehicles as well as replacing diesel-powered generators.
At present, ZekiTek is undertaking a pilot project in Fiji in partnership with the Australian government’s Market Development Facility.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories