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OEM Update

‘Efficiency means lower life cycle cost’

May 18, 2011 12:03 pm

“More power efficient the pump is, the less maintenance it requires.  And if evaluated over the pump’s life, it brings down the life cycle cost greatly”, opines Shashi Shankar Naik, Director – Sales, ITT Corporation India.
 
Performance of pumps and valves industry in India
It has been wisely said that pumps and valves belong to that sector of industry which is recession proof. Come rain or shine, pumps and valves are always retailed, replaced, repaired and required. This market continues to witness an impressive growth of at least 15 per cent YOY. A fair share of this happens out of unorganized sector.
 
As a result, the Indian pump industry continues to be on a roller coaster and continues to provide ample opportunities especially for brands like Lowara & Flygt pumps, which have the state-of-the-art products.
 
Prime growth drivers
India is largely an agrarian economy. Much of the agriculture depends on deep bore wells, for which a combination of submersibles, monosets, monoblocs and turbine pumps are required. Besides, the Indian GDP is growing at more than 8 per cent per annum, for the last several years, leading to an impressive industrialization and thus priming the growth in this industry.
 
Technical efficiency within the OEM sector
OEM sector is driven by
•      Need for high quality and low maintenance / replacement product
•      Costs competitive to enable them take on their competition.

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