The transfer of advanced manufacturing and assembly practices from our global experts to India has enabled us to produce concrete mixers that meet international quality standards.
Prashanth Kumar, Executive Director
What is your assessment of the progress that India’s construction equipment market is making?
If we were to talk about the post-Covid scenario, barring the first 2 years (2021 and 2022), growth has been consistent for the CE market, largely due to good capital influx into infrastructure projects by the Union Government over subsequent annual budgets. There has also been collective political will at the central government to push for infrastructure growth.India, being among the fastest growing economies, is seeing huge investments being made in the manufacturing sector. However, our regulatory framework for infrastructure projects needs to be tweaked to adapt to modern construction technology and help equipment manufacturers. And to remain competitive in a market which is seeing global participation, we need to localize more without compromising on quality and timely deliveries.
How is your company leveraging global expertise while strengthening local manufacturing and technology capabilities in India to stay competitive?
We plan to move to solar energy for our production facilities and as an ISO certified company, we adhere to norms pertaining to recycling and waste utilization. We are in talks with local bodies/industry associations to develop skill development centres at district levels for the local youth, so that new and upcoming industrial areas can employ them.
