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‘Energy Saving Is A Key Goal’

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Why is “energy saving” the key reason behind the integration of the air-conditioning, escalator, security and building automation divisions? 
Globally, buildings account for 40 per cent of the energy consumption. And nearly 35 per cent of the power is consumed by air-conditioning systems. Similarly, transportation accounts for 32 per cent of the global energy consumption. Our businesses are linked to these areas, and hence, the importance of having a common direction towards lesser consumption and greener energy. Integration is helping in achieving this goal.

How will operational integration of Otis elevators and Carrier save energy?

If you are a customer, the company approaches you to offer all the services. The customer today knows that if he engages with UTC Building and Industrial Systems, he will have a consistent quality in terms of products, processes and installation besides safety and maintenance of the entire range.

Operational integration helps, especially, when it comes to maintenance. If you do not have the right maintenance, you will lose energy.

Also, we are investing a lot in innovation. Through this integration, we have pooled together our resources. We have about 250 engineers in Hyderabad and 70 each in Bangalore and Gurgaon working on all the products, on green elevators and energy-saving chillers for the Indian market. They are researched with a common objective — energy saving.

Will adoption of green technologies drive costs?

The Indian market is cost conscious, but at the same time it is also becoming more quality conscious. I believe the Indian customer today is matured enough to look at the life cycle cost. We have made a decision to invest in green technologies. It has a cost implication, and the market will accept it.

Our efforts to bring down costs will be through localisation of manufacturing. For elevators, localisation is 60 per cent; next year, it will be 90 per cent. For air-conditioners, it is close to 50 per cent, and the goal is 100 per cent localisation.

Have you ever faced any problems in terms of intellectual property protection in India?
In some countries, it is challenging sometimes. But, in India, we have not faced any such issues.

(This story was published in BW | Businessworld Issue Dated 25-08-2014)