What factors can help India’s construction sector reach world standards and become the 2nd largest industry in the world by 2030?
India truly has the potential to become the second largest Construction industry in the world by 2030. I believe that the CE fraternity should embrace the latest construction technologies. Though, the initial costs of the high-tech machines may be higher, the ROI in the long run, in terms of better-quality construction and lower maintenance, will turn out to be beneficial. The challenge in bringing in the latest technologies to India is lack of skilled manpower. The Government needs to increase its focus in this area.
India also has the potential to become a global hub for manufacturing and exporting; however, a key challenge still faced by the industry is its high dependence on import of precision components, hydraulics, undercarriages, electricals, and electronics. The Government should encourage and extend support to the MSMEs for Make in India. Our company, which is a big supporter of this initiative, has been investing significantly in R&D to develop state-of-the-art products and also manufacture locally to lower our dependence on imports.
With equipment sales set to increase in FY 2023-24 in view of the many big infra projects, how is your company gearing up to meet the forecasted demand?
Due to the emerging adverse economic situation globally, we are somewhat cautious in our sales forecast in 2023-24. However, as mentioned earlier, we are increasing our investment to enhance our in-house capacity and will also introduce new products to meet customer requirements.
What will be the highlights of your product display at bauma Conexpo India 2023?
Our improved Esskay Connect remote plant management system with new features, and our wide range of customized weighing solutions will be on display.
Esskay Connect has an almost 100% take rate, which is a testament to the value it brings to our customers. Encouraged by its success, our R&D team is working on developing more tech-rich products, which will directly help our customers improve their operations and earn more profit.
What are the practices or technologies being developed or adopted at Esskay to reduce wastage and to recycle usable materials to reduce carbon emissions?
India’s CE industry is successfully moving towards zero emissions. A key challenge would be building infrastructure to supply the required fuel grades of good quality across the country. Esskay products are designed to improve overall operational efficiency through enhanced accuracy, reliability, and live feedback to help customers make quick decisions, backed by our reliable product support, which results in reduced wastage.