For the plethora of startups attending the ‘Powering Innovation at BHEL’ webinar it was a refreshing one and half hours of engagement and interaction hearing the PSU’s keenness and willingness to work with startups.
‘Startups with their innovative and creative minds coupled with a fearless attitude can solve many of our problems. This combination of corporates and startups if connected right can bring out winning solutions’ said Mr Rajiv Bhatnagar, GM & Head of BHEL’s corporate strategic management delivering the keynote address at the jointly organized webinar by Vizag Industrial Scan and NASSCOM CoE.
Stating that startups have formed an important part of the ecosystem today coupled with a conducive ecosystem (for startups) BHEL is actively looking to engage with startups across the country.
“Startups with their innovative and creative minds coupled with a fearless attitude can solve many of our problems. This combination of corporates and startups if connected right can bring out winning solutions.”
— Mr Rajiv Bhatnagar,
GM & Head of BHEL’s corporate strategic management
‘I am happy to inform you that BHEL is soon going to be coming out with a dedicated startup policy which we are currently working on. We therefore want startups to come and talk to us and explore opportunities at BHEL’ said the BHEL’s head CSM.
As India’s premier state-owned public sector enterprise Bharat Heavy Electricals Limited (BHEL) has been playing a pivotal role in shaping the engineering and manufacturing capability in India.
With annual revenues notching up to USD 4 billion its operations span across several core sectors such as power generation and transmission, transportation, renewables, water, oil & gas and defence & aerospace.
No wonder that this esteemed organization has facilities spread across the country with 16 manufacturing units ranging from Goindwal in Punjab to Thirumayam in south of Tamil Nadu BHEL is omnipresent.
‘BEHL with its might and network can easily engage with startups across the country. Geography of a startup shouldn’t be a limitation for them to work with us’ said Mr Bhatanagar.
Highlighting the need for innovation he cited BHEL’s R&D facility at Hyderabad and informed that it has filed more than 5000 copyrights and patents.
“Opportunity to indigenise more than 300 items at BHEL’s various facilities”
This R&D centre has been instrumental in shaping technology and innovative manufacturing capabilities of the company and employs more than 700 people.
‘With an R&D spend of over 2.5% of the annual turnover, BHEL is one the highest in the capital goods manufacturing industry in India’ informed Mr Bhatnagar.
The GM was also candid in admitting that many times organizations this size get left behind on innovation and passion and that is where startups can play a vital role.
‘Many a times large corporations like us often miss out on the passion and the need to innovate and change. We at large corporates fear failure while startups often consider failure as a badge of honor’ he said.
Opportunities are immense and we need to get started on exploring these opportunities, reiterated the GM.
Speaking on behalf of NASSCOM CoE, its CEO Mr Sanjeev Malhotra, highlighted the mandate of the centre of excellence and how it is helping startups in futuristic technologies like IoT, AI, machine learning etc.
The session also witnessed a technical presentation given by Ms Sanghamitra B Jayant, Senior manager, corporate strategic management, BHEL wherein she apprised the participants of the various areas where startups could explore working with BHEL.
She informed that there are more than 300 items which need to be indigenised at various facilities of BHEL. Similarly Ms Sanghamitra spoke of BHEL’s digitally enabled platform, Sanrachna wherein she said more than 2000 people are registered on it.