Torsa Machines

A strong partnership between industry and government through joint R&D, simplified regulatory framework, and enhanced communication channels can bring greater efficiencies in business operations to align with global standards.
Gopi Krishna More - Managing Director, Torsa Machines

What cutting-edge innovations in your products are helping address the challenges in the construction of large-scale infrastructure projects by making available sand and aggregates that bring high quality and cost-effectiveness?

The company has implemented innovative solutions to address the challenges of large-scale infrastructure projects. These include advanced materials, technology, smart construction solutions, sustainable resource management, automation and data analytics. Advanced materials enhance durability and reduce maintenance costs, while IoT devices enable real-time monitoring and predictive maintenance.

Sustainable resource management involves sourcing and processing sand and aggregates, utilizing advanced recycling techniques, and integrating automation in construction processes. Big data analytics optimizes project planning and resource allocation, predicting potential challenges and enabling cost savings for stakeholders involved.

How is your company leveraging advancements such as AI, IoT, and autonomous systems?

The company is utilizing AI, IoT, and autonomous systems to improve operational efficiency, safety, and project timelines. AI algorithms analyze large datasets for predictive maintenance, optimizing maintenance schedules and decision-making. IoT devices monitor real-time data, enhancing safety measures and project schedules. Autonomous systems automate repetitive tasks, reducing human error and increasing efficiency. These technologies not only improve safety protocols but also ensure project timelines are met with greater reliability.

Sustainability is becoming a critical aspect of modern infrastructure, how is your company innovating to reduce energy consumption and minimize emissions in its equipment?

The company is focusing on sustainability as a fundamental aspect of responsible business practices. We have implemented innovative strategies to address energy consumption and emissions, including investing in energy-efficient equipment, relying on renewable energy sources like solar and wind power, and integrating green technology into our products.

We have set ambitious goals to reduce greenhouse gas emissions by 25% over the next five years, including optimizing logistics to minimize carbon emissions and enhancing waste management processes. We achieved a 15% reduction in overall energy usage and a 10% decrease in carbon emissions in the last fiscal year.

In the past few years, you have been focusing on exports; however, global markets are quite competitive. What strategies does your company employ to differentiate its products and services on a global scale?

Our key strategies for enhancing our capabilities to compete in global markets include continuous innovation, brand positioning, a customer-centric approach, forming strategic partnerships, and cost management. We offer high-quality solutions to meet evolving customer needs. We also engage with local partners to tailor offerings and understand local market preferences, and leverage local distributors and networks to navigate regulatory challenges.

To overcome barriers like price competitiveness, tariffs, logistics, and local content regulations, we analyze our supply chain, monitor trade policies, invest in advanced logistics solutions, and ensure compliance with local regulations. These strategies help the company position itself competitively and effectively navigate international trade challenges.

How is your company optimizing manufacturing processes and addressing supply chain issues?

The company has integrated advanced automation technologies such as CNC machines into its assembly lines, enhancing efficiency and minimizing human error. We are using data analytics to streamline supply chain management, forecast demand, manage inventory, and respond to market changes. We have established strategic partnerships with key suppliers, explored alternative materials, and invested in research and development for new manufacturing techniques.

How can the industry upskill MSMEs to ensure high-quality component production?

The MSME sector is crucial for the construction equipment supply chain, contributing to innovation and efficiency. To ensure high-quality components, targeted upskilling initiatives are needed. This includes comprehensive training programs, collaborations with educational institutions, and partnerships with larger corporations.

Government support, such as the ‘Make-in-India’ campaign, can also be used to promote local manufacturing capabilities and enhance workforce capabilities. This multifaceted approach will ensure that MSMEs produce high-quality components that meet the industry’s demand.

What incentives or support mechanisms should be in place to attract multinational component manufacturers and how can the government and industry work together to ensure that local vendors have the technological and financial capabilities to meet international quality benchmarks?

To attract multinational component manufacturers and investment in high-quality manufacturing, several incentives and support mechanisms should be implemented. These include financial incentives, infrastructure development, skilled workforce development, research and development support, a stable regulatory framework, public-private partnerships (PPPs), access to finance, and market access initiatives.

Government can offer tax breaks, grants, or subsidies to multinational companies that establish manufacturing facilities locally, invest in robust infrastructure, and collaborate with industry stakeholders to develop a skilled workforce. Also, a clear regulatory framework can enhance business confidence and facilitate joint investment in technology upgrades.

How can the industry-government partnership streamline business operations and foster innovation?

The construction equipment sector requires a strong partnership between industry and government for efficient business operations and innovation. Strategies include enhanced communication channels, joint research initiatives, and simplified regulatory frameworks. Government incentives for innovation and investment in infrastructure development can stimulate innovation and align with global sustainability trends.

Implementing tax incentives for companies investing in new technologies and sustainable practices can also boost the industry’s growth. These reforms can enhance productivity, encourage investment, and improve the global competitiveness of the construction equipment sector.