Only good is ahead for Indian industry: SKF

By admin February 17, 2014 8:37 am IST

 “What’s very exciting to know is that majority of global players are now present in India, indicating a bright future for this industry,” opines Shishir Joshipura, Managing Director and Country Head, SKF India
SKF has been a leading global technology provider for more than a century. Its fundamental strength is the ability to create products that offer competitive advantages to its customers and help them stand out stronger among the competitors. Shishir Joshipura shares how SKF has achieved this by combining hands-on experience.
Mr Shishir, how is the market behaving as far as construction equipment segment is concerned?I think there is a clear challenge in the market right now. Our infrastructure spend has come down because we have not built enough recently. From the announced 20 km of road building per day, we are down to 2.7 km per day. Obviously, we cannot live like this; we have to go back closer to the 20 km. When that happens, the industry will definitely pick up. What’s very exciting to know is that majority of global players are now present in India, indicating a bright future for  this industry.
You have very significant presence in bearing segments. What is your position and what are the strategies you have to expand your market?SKF is the clear market leader in India for industrial bearings and significant portion of our sales comes from what we sell for  the industrial applications. As the construction industry volumes grow and technology plays an increasing role in driving growth, SKF will have an even bigger role to play. We operate on five platforms which allow us to be in the unique position to offer the customer not just  the component but the holistic solutions which go beyond the components. SKF offers a lifecycle based solution which is critical to ensure sustained performance so we stay with customers’ right through the life of the product and keep providing services for reliable and improved operations.