With a vision for new product development and customization as per the industry need, this time we have developed gear boxes for batching plant which are bevel helical or bevel planetary type.

What is your expectation from the EXCON ’19?
It’s always a wonderful experience to be a part of EXCON which is a dedicated event for the construction industry. Radicon Power Build has been serving construction industry from more than four decades now with its efficacious product solutions, expecting to establish prolific business relations with the construction industries. We are hoping that it will break all the previous records and establish new alliances with both Indian and foreign customers. By presenting our products, we are expecting to make people aware of our new products’ features, solutions and innovation for power transmission in construction industry. Likewise we keep updating ourselves in the area of new development and technology coming for construction industry.

What are the new product launches you have planned for EXCON 19?
We have managed to stay ahead of the competition because of the technological upgradation, process improvement, new product development and customization as per the industry needs. This time we have developed the gear boxes for batching plant which are bevel helical or bevel planetary type.

How do you respond to the market, what are the USP of your products that allows you to stand tall?
We believe in selling the solution, not the product. We focus on customer oriented solutions and offer efficient customer service. By selling the true value, we reflect on our response to the market. We remain committed to customer needs, application engineering and customized solutions. We are technologically adaptive and equipped with advance manufacturing & testing facilities. Our USP is flexible products to suit customer needs.

Looking at the market opportunities, what are your focus areas?
India’s construction industry is expected to grow at an annual average of 6.6 per cent rate between 2019 and 2028, by keeping the average growth rate of construction industry during previous year like 2.9 per cent in 2011-15, 5.6 per cent in 2016-2019, there will be great opportunities in various segments like concrete mixing plant, pug mill application, paver making machineries, batching plants, bar bending machineries, hoist and cranes where we can expand more with our star ranges of products. We are also planning to expand our manufacturing facilities globally and acquire a high growth for our organization. We are working on gear boxes to suit with servo & hydraulic drives which may be the future requirement in construction sector. According to a survey, India is set to become the third largest construction market by 2025, we are planning to focus on the core application segments as listed above.

In your view how the government policies can rejuvenate an ailing market for OEMs suppliers?
India still has a lot of scope for improvement in basic infrastructure facilities apart from the aspirational infrastructure development like smart cities and bullet train. We expect the government to come up with schemes on railways, roads, bridges and housing etc. The government must also see that circulation of money does not stop, there has to be some relaxation in taxes to promote sales of manufacturer of construction equipment and similarly relaxation for the users.

Recent announcement by the Government of India for domestic infrastructure and corridor development will certainly help this segment to grow.

What is your view on the future of the OEMs in India?
The Indian construction equipment market has been on a major upswing since 2015 with the sales of construction equipment growing by 24 per cent and in FY17-19 crossing the 90,000 unit sales. Our current government’s focus is on infrastructure development, Make in India to become one of the fastest infrastructure developing countries in the world. The budget allocations for FY 2019-20 indicated towards a continued growth momentum which focuses on roads, railways, aviation & waterways. At the moment the industry is experiencing a slow down but I am sure that it will bounce back very soon.

R Haridoss, Vice President Business Development, Power Build Pvt Ltd

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