We are optimistic about our growth in the coming years with the government’s strong commitment to the ‘Make in India’ programme.

Paresh Patel, Managing Director, Alltech Industries India

How do you see the government’s ‘Make in India’ programme and mission motivating industry to participate in it? How is this helping the construction equipment sector to improve its technological status and competitiveness in the global market?
The government’s ‘Make in India’ programme has been a great initiative to motivate the industry to participate in the growth of the manufacturing sector in the country. As a manufacturer of road construction machinery, we have witnessed increased support from the government in terms of policy reforms, ease of doing business, and incentives for local manufacturing. This has enabled us to improve our technological status and competitiveness in the global market. With the support of the government’s initiatives, we have been able to introduce new and advanced technologies in our products, which have helped us to meet the demands of our customers in India and abroad.

Foreseeing the government’s strong commitment and stable sentiments in the market, how do you evaluate your company’s growth in the coming years?
We are optimistic about our growth in the coming years, as the government’s strong commitment to the ‘Make in India’ programme and the stable sentiments in the market create a favorable environment for us. We have been investing in R&D, product innovation, and new technology, which we believe will help us to maintain our competitiveness in the market and improve our market share.
What are your views on making India as a global construction equipment manufacturing hub?
India has the potential to become a global construction equipment manufacturing hub, owing to its skilled workforce, low labor costs, and a favorable business environment. The government’s ‘Make in India’ programme has been a great enabler in promoting the growth of the manufacturing sector in the country. As a manufacturer of road construction machinery, we see a lot of potential in the country, and we are committed to playing our part in making India a global hub for construction equipment manufacturing.

Tell us on your export market and important initiatives to cater to the requirement of International market?
We have been exporting our road construction machinery to various countries, including Africa, the Middle East, and Southeast Asia. We have implemented various initiatives to cater to the requirements of the international market, such as customizing our products to suit the local needs, providing after-sales support, and investing in marketing and brand building activities.
Give us an understanding of your company’s performance in the last 3 years?
Over the past three years, we have witnessed a steady growth in our business, both in the domestic and international markets. We have launched several new products and expanded our customer base, which has helped us to increase our market share.

What are your future strategies at a time when technological disruptions are rapidly defining businesses in the sector?
Our future strategies are centered around investing in R&D and product innovation to stay ahead of the competition. We are closely monitoring technological disruptions in the sector and are committed to integrating new technologies into our products. We are also focused on expanding our footprint in the international market, by establishing new partnerships and increasing our marketing efforts.
How is the scarcity of skilled operators affecting the prospects of the construction equipment market?
The scarcity of skilled operators is a challenge that affects the prospects of the construction equipment market. To overcome this challenge, we have been investing in training programs for operators and technicians, which has helped us to improve the quality of our after-sales services.

CE manufacturers are now under pressure to manufacture machines which are not only cost effective, but also comply with the emission norms. What are your views on it?
Compliance with emission norms is a crucial factor in the construction equipment market. We believe that manufacturers should focus on developing products that are not only cost-effective but also comply with the emission norms. We have been investing in research and development to develop eco-friendly products that comply with the emission norms, and we believe that this will help us to maintain our competitiveness in the market.

What are the challenges that you face and what are your suggestions to further ease a business-friendly climate?
Some of the challenges that we face include infrastructure bottlenecks, complex regulatory environment, and shortage of skilled manpower. We suggest that the government should focus on addressing these issues by implementing policy reforms, streamlining regulatory procedures, and investing in skill development programs. A business-friendly climate will help us to improve our competitiveness and contribute to the growth of the manufacturing sector in the country.

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