Cyan given inside track on India infrastructure programme
Cambridge smart metering & lighting technology business, Cyan Holdings, has been handed the inside track on a multi-billion dollar infrastructure programme by the Indian government.
Executive chairman John Cronin was among business leaders invited to a Guildhall reception last night where UK PM David Cameron and Indian Prime Minister Narendra Modi revealed deepening business ties between the countries.
Prime Minister Modi spoke about growth, innovation and leadership – as well as opportunities for British companies in India.
Cronin said: “The Indian Prime Minister plans to build 100 smart cities including 50 million homes and with that comes the big challenge to create futuristic physical and social infrastructure.
“These initiatives provide avenues for investment in energy efficiency, water recycling and waste to energy and Prime Minister Modi is setting up a fund with an annual contribution of $3.5 billion US dollars to meet this infrastructure demand.”
The reception was given at London’s Guildhall for UK business leaders operating in India, including – financiers, engineers, architects and sustainability experts.
AIM-quoted Cyan delivers mesh-based flexible wireless solutions for utility metering and lighting control. Cyan has been working in India since 2011 and has an Indian-staffed office in Dehli as well as implementations through Indian partners at Tata Power, at CESC in Mysore and at Essel Utilities.
Earlier this month, Cyan’s CyLec retrofit smart metering module – which is being rolled out in India – won the Smart Metering, ICT & Data Management Award at the European Utility Week 2015 Awards.