How is the market for cutting tools fairing in India? Which industries are driving the growth for the company?
Brajesh Kumar: Indian market is currently undergoing difficult conditions. Although the automotive sector isn’t performing well, we cannot neglect other emerging sectors. Aerospace and defence manufacturing segments are gaining momentum, thanks to the Make in India initiative. Railways manufacturing is also doing well due to the government’s emphasis on infrastructure creation and railways modernisation. We believe that it is just a temporary phase and the market will gradually pick up.
Dmitry Andreev: We have seen the Indian market growing with great speed in the past. Our Technical Centre in Pune is a proof of our commitment to the Indian market. The rough market conditions are part and parcel of the business and do not shake our belief in this market. We are optimistic about its recovery and look forward to it.
Please tell us about one of the tools that has gained popularity lately.
This story is from the January 2020 edition of Manufacturing Today.
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This story is from the January 2020 edition of Manufacturing Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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