Mr. Shankhesh Shah, Managing Director, SRS Jewelcon on the growth of the tech and machinery sector in India:
Factors responsible for the growth of tech and
Machinery sector in India.
Today, India is the most watched nation in
terms of progress and prosperity. Thanks to the
new Government which has made the way to
conduct business very simple and transparent.
India is known as a young nation and this itself
defines the reason for its faster growth than any
other economy. Competitiveness, Excellence
in service levels and Quality products have made our tech
products one of the best in the world.
Opinion on indigenous manufactured tech products and
the "Make in India" initiative.
With new government comes new Ideas and plans, out of
which one such is the 'Make in India' Initiative' which has
given hope and exposure to millions of Businesses which
are now able to explore the global market and increase their reach. Manufacturing sector is one such area which has
profited from this Initiative. The tech and machinery sector
has employed large number of Indian people in either their
factories or stores. The "Make in India" inititive has indeed
helped tech manufacturers to build International quality
products and become world leaders.
On Challenges faced by Indian Tech and Machinery
manufacturing companies.
Change is difficult to accept and is a process, especially
when it comes to volatile economic situation. Both the
International distributors as well as Indian manufacturers of
tech products have to accept the change.
It has to be mutual and a win - win
situation. I think Indian tech
manufacturers have to be more exposed
to International markets and the said
International distributors have to give
Indian providers a similar platform that
they give to other International
manufacturers
On service efciency levels.
In any business, the after sales service plays the most
integral part, if not catered properly a business losses a
major share of customers. We are leading in distributing and
selling very effective and unique machine tools, but service
has been a part which we lack in. If we want to be seen on a
global front, than we need to change the Service Efficiency
level to its maximum. Indian manufactures need to work on
this front.