As a global tire manufacturer, BKT is committed to sustainability, aligning with evolving industry demands.

Prasanta Ganguly, Head – OTR Marketing (Domestic Sales), Balkrishna Industries (BKT)

What specific goals and priorities are you aiming to achieve during IME 2023?

As we aim to showcase our cutting-edge technology and product developments, highlighting our commitment to the mining Industry of the county, at IME 2023 our goal is to strengthen relationships with existing customers and create new connections through personalized interactions at the event.

More so, gathering insights and feedback from the industry and customers to continually enhance our products and services is another key priority for us at the upcoming IME 2023.

Can you provide insights into the range of products you intend to showcase at IME 2023?

At IME 2023, BKT Tires will feature a dedicated range of products for the mining sector, including the latest Giant 57” EARTHMAX SR 468 TL tire, an All Steel radial tire specially designed for 240-ton rigid dump trucks; and EARTHMAX SR 53 TL tire, created for ultra-large loaders, operating in severe rocky conditions along with EARTHMAX SR 34.

Our product range at IME 2023 will illustrate BKT Tires’ dedication to innovation and meeting the evolving demands of the mining industry.

What is your perspective on the anticipated market dynamics in the mining equipment and component sector of India?

In the mining equipment and component sector of India, we anticipate several important market dynamics. India’s abundant mineral resources provide substantial growth potential for this sector as demand for minerals and metals continues to rise. The Indian government’s initiatives like “Make in India” and the auction of mineral blocks are expected to encourage investment in mining equipment and components.

The market is competitive, with both domestic and international players actively participating, which is driving innovation. Infrastructure development projects, such as road construction and urban development, are increasing the demand for mining materials, further boosting the mining equipment and component sector.

However, challenges such as land acquisition, regulatory hurdles, and safety concerns need to be addressed for sustainable growth in this sector. BKT Tires views these market dynamics as an opportunity to provide high-quality, innovative, and sustainable tire solutions tailored to the evolving needs of the Indian mining equipment and component sector.

Could you elaborate on your company’s initiatives and progress in creating eco-friendly products?

As a global tire manufacturer, BKT is committed to sustainability, aligning with evolving industry demands. Our tire products prioritize eco-friendliness and high performance. We’ve made substantial progress by adopting sustainable materials and processes. Our partnership with Kultevat, Inc., a U.S. corporation for producing TKS rubber (Russian dandelion), which is an alternate source of Natural rubber to traditional rubber tree plantation, furthers our commitment to sustainable raw materials in tire production.

BKT’s dedication to eco-friendliness extends to tire recycling, where we repurpose end-of-life tires, yielding valuable resources like reclaimed rubber, Crumb Rubber, and recovered carbon black. Also, granulated friction fabric made from scrap calendered fabric is used in the tires. These materials play key roles in reducing waste, conserving resources, and minimizing the environmental footprint of tire manufacturing and disposal.

Our efforts showcase a commitment to sustainability and the circular economy, where materials are reused and repurposed, minimizing waste and environmental impact. At BKT, we’re taking significant steps toward a more sustainable future and pioneering eco-friendly tire solutions that meet the industry’s evolving needs.

What obstacles and difficulties do you perceive within the sector currently?

In the mining sector, there are several notable obstacles and difficulties. These include navigating a complex and evolving regulatory landscape, land acquisition challenges that can be contentious and time-consuming, and the need to meet stringent environmental regulations, often requiring substantial investments. Safety issues, such as accidents and health hazards in mining operations, remain a significant concern that demands continuous attention and investment.

Inadequate transportation infrastructure can hinder the efficient movement of materials and equipment to and from mining sites. Additionally, commodity price fluctuations can impact the profitability of mining operations, making long-term planning and financial stability a challenge.

Moreover, as the industry shifts towards advanced mining technologies, some companies may face difficulties due to the high initial investment and the need for technical expertise for successful implementation.

BKT Tires recognizes these challenges and is committed to collaborating with industry stakeholders to provide solutions that address safety, sustainability, and efficiency concerns in the mining sector.

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