Indian Pumps & Valves Market: What’s right? What’s wrong?

By admin December 17, 2012 12:20 pm IST

  K Mohan, MD,  Ebro Armaturen India  
                                                               Kiran Diwanji, President at Qu Con Inc.
 
The global economy downturn and more multinational players’ foray into Indian shores make the PVC industry happening as well as competitive too
The Indian market for pumps, valves and compressors (PVC) has been traditionally dominated by international companies while a few locally triumphed companies like Ebro Armaturen India Pvt. Ltd. and Qu-Con Inc. are creating waves in the industry. These PVC manufacturers are niche focused and cater to specific demand from end users. Let’s find out what are their views on the current industry, opportunities and challenges.
The current industry scenarioThe current industry looks like the ideal ground for survival for the fittest. Most of the industries are facing liquidity crunch and new projects are on hold. To cap it off, more and more multinational companies are setting up operations in India, making intense competition. In general, the PVC industry is facing a challenging time.
“Despite the fact that valves and pumps are projected as ‘must’ product for almost all industry, the demand is in decline,” Kiran Diwanji, President, Qu-Con Inc., expressed his concerns. “Even end users prefer repairing or upgrading existing valves and pumps, rather than going for purchase of new equipment.”