MHE sector foresees brighter prospects

November 17, 2014 3:24 pm

“It’s just matter of time and threshold of business opportunities will be opened up for Indian bulk MHE sector,” believes Y Srinivas Reddy, Managing Director, Bevcon Wayors Pvt. Ltd.
 Bevcon Wayors offers bulk material handling and processing solutions. It has over two decades of material handling and processing experience. Y Srinivas Reddy analyses the current market conditions and expects to change the same in positive manner.
Turbulent times Business of Indian bulk material handling for past two years is really riding very bumpy road filled with pot holes called dynamic fluid situations, uncertainty, ambiguous, complex all through the journey. To sustain, one needs to have adaptability to handle the crisis and accept fact that this turbulence is going to stay for a while and strategise plans for long-term results.           Mr Reddy expressed that the government has to take some initiatives like:• Accountability at decision making level of bureaucracy• Investment friendly transparent industrial promotion policies• Eradication of red tapism and creation of single window clearance process• Empowerment of financial institutions to promote and fund projects• Time bound irreversible economic plan to be implemented.
Bevcon strongly believes three crucial growth drivers for organisation development they are: innovative technologies, financial discipline and people management  During these turbulent times Bevcon took the opportunity and strategised various growth oriented measures to gear up to meet the future business challenges, mentioned few are:• Putting up a new manufacturing plant in strategically located Raipur• Implementation of blue print to manufacture totally automated idler and pulley manufacturing plant• Up gradation of process technology across organisation and high investments in people developments aspects.
“It’s just matter of time and threshold of business opportunities will be opened up for Indian bulk MHE sector,” believes Mr Reddy. Market situationCurrent MHE market in India is unpredictable, ambiguous, uncertain and not able to define clear strategies to meet challenges. Current economic situation has big impact on bulk MHE sector whose growth depends on infrastructure development which is really in shambles.
“Due to current turbulent economic times rather projecting the size, projecting opportunities make sense,” says Mr Reddy. “As per recent media confirmation there are about 10-12 lakh crores worth of projects are awaiting clearances at various stages and most of these are infrastructure development projects like cement, steel, power, ports etc. Once current hurdles are overcome, power sector is likely to grow rapidly to fill present demand-supply gap and so the roads and ports sectors.”
Bevcon is a profit making debt free company from the inception and last year its sales turnover was ` 200 crores.
Mr Reddy adds, “MH sector is back bone for infrastructure growth. In current FY we expect major business opportunities going to emerge in this segment which will last at least for next 3-4 years minimum but we are realistic in our optimism and expected to do good business and achieve at least 300 crores turn over by focusing more on medium range material handling projects.”

Advertising

Your future advertising space? Our media data