This interview presents a thorough understanding of the state of the industry, the effects of governmental programmes, and the critical role that innovation plays in the functionality and design of equipment.
What growth prospects do you witness for the industry today?
We have seen the market becoming resilient post-pandemic, and the current climb in demand is very heartening. We have also seen a year-over-year % increase in demand for specific products by 30%. We are confident that the next few years will follow the same trend. The impact of government initiatives for MSME participation in the defence sector is visible through the prompt finalisation of tenders through the GEM portal.
This is a significant change, as compared to earlier. Besides this, we also see the initiative the Power sectors took in modernising and mechanising high-reach applications. This has prompted innovation in creating custom-built solutions for specific areas, which can be a niche market specific to MSMEs.
Please talk about your innovation and R&D efforts
VANJAX has always been at the forefront of innovation and R&D and using the latest technology to create solutions. We have invested heavily in developing software solutions that complement our equipment. We have also invested in the latest design software with FEA to reduce the time needed to develop new products further. Furthermore, our commitment to technological innovation extends to ongoing R&D efforts to explore emerging technologies, such as Virtual Reality (VR), in training and maintenance.
Can you provide a sneak peek into any new products or innovations your company plans to unveil or highlight during Excon 2023?
VANJAX has innovatively designed a compact Aerial Access Platform specifically tailored for easy installation on smaller vehicles or chassis, making it particularly suitable for Tier 2 and 3 cities. This design choice addresses the unique demands of these areas, offering service providers a more affordable and elegant solution than traditional larger equipment. The smaller size of the platform facilitates quicker deployment and operation, leading to increased efficiency and faster project completion.
In addition to this, VANJAX has also developed its own Hydraulically Operated Aluminum Telescopic Mast. This product stands out as a domestically-produced alternative to similar imported products, offering clients a high-quality, locally sourced option. The introduction of this product demonstrates VANJAX’s commitment to reducing reliance on foreign imports and supporting the domestic manufacturing sector.
Operating as a medium-sized enterprise in the Micro, Small, and Medium Enterprises (MSME) sector, VANJAX plays a significant role in the strategic growth and advancement of the construction and infrastructure industry. The company recognises the importance of staying connected with the broader industry landscape. Events like Excon provide a valuable platform for VANJAX to engage with other industry stakeholders, exchange ideas, and gain insights into the latest trends and developments in the sector.
These events are also crucial for VANJAX to showcase its innovative products and solutions, demonstrating its capabilities and commitment to advancing the industry with new and efficient technologies. Through these engagements and contributions, VANJAX reinforces its position in the market and actively participates in shaping the future direction of the construction and infrastructure sector.
How do you expect Excon 2023 to impact your business, and what unique experiences or opportunities are you anticipating from participating in this exhibition?
Participation in industry-related events provides a platform for us to network with construction professionals, industry leaders, and government agencies, besides looking for outsourcing partners. By actively participating in these events, we strengthen our industry connections and build relationships crucial to our strategic growth.
Participation in industry-related events provides a platform for us to network with construction professionals, industry leaders, and government agencies, besides looking for outsourcing partners. By actively participating in these events, we strengthen our industry connections and build relationships crucial to our strategic growth.
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