India has possibility to become global manufacturing hub

By admin June 17, 2013 8:30 am IST

“In India, the manufacturing cost is significantly low, and the country has a great chance for success”
– Avnish Kumar, Segment Leader India-Renewable Energy, GGB Bearing Technology
GGB Bearing Technology is one of the global leaders in high-performance bearing solution, catering around 30 per cent share of world business. It is also one of the largest plain bearing manufacturers worldwide. Avnish Kumar shares GGB’s success mantra and its attempts to explore renewable energy segment.
Performance in 2012During the last year’s tough time, GGB had a good business. It had done business of around $6 million in the previous financial year. The company also added some new important clients like Om Metals and Flovel for renewable energy.
Capturing marketIn order to capture market, especially renewable energy, GGB had started to explore market, segment wise. Continuing research and innovation in its product development is also a factor for GGB’s growth globally. To explore entire renewable energy segment, GGB launched several new products in Hydrovision 2013. The company will continue to work on product leadership direction and form strategies accordingly.