Indian Chambers of Commerce (ICC) along with IP500 Alliance is hosting the IP500 Protocol Summit in Bengaluru to explore the usage of IP 500methodology to enhance the IoT based building automation management and smart city applications. The event was inaugurated by Dr. Rajeev Singh, Director General of ICC, followedby a welcome speech by Mr. Helmut Adamski, Chairman, IP500 Alliance. The event saw the presence of some notable names of the industry including officials from Indian SmartCityMissions, Honeywell, Microsens, Wipro, Bosch, Bajaj Electronics Ltd. and many more. Representatives from Govt. bodies, research institutes, OEMs also attended the one-dayevent.
“Over the past few years, building automation and controls market has been expanding at a significant rate. With the government itself coming up with the concept of smart cities, thenew generation of India is driving the next wave of technological innovations. As the world’s fastest growing economy, we are in dire need of a standard solution. IP500 technology is awireless network platform that simplifies the servicing and maintenance of smart buildings, commercial places as well as smart cities,” said Dr. Rajeev Singh, Director General of ICC.
“The market opportunity in India is endless at this moment. We joined hands with ICC for this event to highlight the potential of IP500 technology. With a diverse scope for applicationin different sectors, we aim to make as technologically advanced as any other high-tech cities in the world. We are looking to collaborate with the major players to address together the challenges in smart cities, commercial buildings and Indian railways and airports,” commented Mr. Helmut Adamski, Chairman, IP500 Protocol, while addressing the audience.
“We couldn’t think of a better venue than Bengaluru as it is the Silicon Valley of India. The city is also home to the major influencers of the building automation market,” he added further.
“Keeping in line with IP500 alliance’s commitment to the Indian market, the India Chapter is working closely with the industry to create a sustainable ecosystem of manufacturers,systems integrators and customers. We will provide compete support to all the stakeholders to ensure easy and seamless adaptation of the products on this wireless platform” said Mr.Gulshan Aghi, President, IP500 India Chapter.
The Indian building automation market is expected to grow at a CAGR of over 12.5% until the year 2023. The government and private bodies are transforming cities, based on a smart information layer backed by IoT as well as sensors. India is ready for the next step, with making more technology-enabled choices.