Statement made by Mr. Gary Steel, Chairman, ABB Limited, at its 61st Annual General Meeting held at Bengaluru on May 10, 2011. He discussed the company's operations in 2010 and prospects for the future.
Mr. Gary Steel, Chairman of ABB Limited, delivered a statement at the company's 61st Annual General Meeting in Bengaluru on May 10, 2011. He reviewed the Indian power sector, industrial growth, and ABB's strategic re‑organization of its automation and power product segments.
The address highlighted revenue growth, new product introductions, and expansion plans across power systems, process automation and low‑voltage products, and concluded with a positive outlook for continued investment and profitability in India.
The Annual General Meeting was held on May 10, 2011 in Bengaluru.
The focus was on the ‘power to all by 2012’ agenda, capacity addition, transmission network development and smart‑grid initiatives.