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Wednesday, February 12, 2025

Interaction – V. G. Sakthikumar, Chairman and Managing Director, Schwing Stetter India January 2025

SCHWING STETTER INDIA, firmly embodies the principle of ‘Make in India and Sell Globally.’ The company’s India facility not only caters to domestic needs but also supplies equipment to 55+ countries worldwide. In an exclusive interview to CONSTRUCTION OPPORTUNITIES, V. G. SAKTHIKUMAR, CMD, SCHWING STETTER INDIA, gives an over view on the Make in India initiative, his company’s game changing technologies and a lot more.

The “Make in India” initiative has been transformative for the construction equipment sector. It has fostered a robust manufacturing ecosystem, driven self-reliance, and made India a hub for world-class construction equipment. At SCHWING Stetter India, this initiative has enabled us to expand our production capacity, adopt advanced technologies, and contribute significantly to infrastructure development across the country. It has also given us a competitive edge in the global market, making Indian-made equipment synonymous with quality and innovation.

One of the significant challenges was streamlining the supply chain and ensuring the availability of high-quality components locally. Another was addressing the skills gap in the workforce. At SCHWING, we tackled these challenges by investing heavily in supplier development programs, creating a skilled talent pool through training initiatives, and embracing digital technologies to enhance efficiency. Collaborative efforts with government bodies and industry stakeholders have also been instrumental in overcoming these hurdles.

The initiative places innovation and technology at its core, encouraging companies like ours to innovate relentlessly. At SCHWING, we firmly embody the principle of ‘Make in India and Sell Globally.’ Our India facility not only caters to domestic needs but also supplies equipment to 55+ countries worldwide. Products like the SLM 4000 self-loading mixer and our high-rise concrete pumps are prime examples of technology-driven innovations that have set benchmarks in the industry, making construction projects faster, safer, and more efficient.

Absolutely, Industry 4.0 is integral to our operations. By leveraging IoT, AI, and automation, we have streamlined production, reduced downtime, and enhanced product quality. Predictive maintenance ensures minimal disruptions, while real-time data analytics aids in informed decision-making. These advancements not only optimize costs but also enhance customer satisfaction by delivering superior products on time.

Foreign investments bring in advanced technology, expertise, and capital, which are vital for scaling operations and achieving global competitiveness. SCHWING has benefitted significantly from being part of a global network, enabling us to localize cutting-edge technology and drive innovation while meeting international standards. This has reinforced India’s position as a preferred manufacturing hub for construction equipment.

The initiative has significantly boosted India’s export potential. At SCHWING, our export revenues have seen consistent growth, thanks to the trust in Indian engineering and quality. While we have made substantial progress, there’s still untapped potential. We are committed to leveraging this momentum and showcasing Indian manufacturing excellence to an even broader global audience.

The initiative has catalyzed massive job creation, both directly and indirectly. At SCHWING, our manufacturing units, supplier networks, and service teams have collectively contributed to significant employment opportunities. Additionally, skill enhancement programs have further empowered the workforce, ensuring they are equipped for evolving industry demands.

Skill development has been a key focus area. We have established training centers and collaborated with industry bodies to upskill operators and technicians. Our operator training programs enabled with state government MoUs are an example of our commitment.

The initiative encourages sustainable practices, aligning with global trends. At SCHWING, we’ve prioritized green manufacturing by adopting energy-efficient processes and reducing waste. Our products, such as concrete recycling plants and sludge pumps, exemplify our commitment to sustainability by enabling environmentally responsible construction practices.

The future is promising. With increased infrastructure spending and favorable policies, the construction equipment sector is poised for double-digit growth. We envision a landscape where Indian equipment not only supports domestic projects but also dominates the global market as the epitome of innovation and reliability.

2024 was a year of resilience and consolidation, with steady single-digit growth due to global uncertainties, including elections worldwide. However, the momentum is picking up, and we anticipate double-digit growth in 2025. With our robust product lineup, expanded export footprint, and unwavering focus on innovation, SCHWING is well-positioned for a successful year ahead.

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