As an 84-year-old German company, Schwing Stetter has ample experience in the development trends happening in India now. VG Sakthikumar, Managing Director, Schwing Stetter Sales and Services, explains more on the emerging trends in the Indian construction market and how the company is preparing itself to meet market demands.
Market trends: India is a special market because we have a high population, and we have to respond to the evolving market. Today, a lot of projects are coming in, including national highways and metro-rail. Metro projects are coming up in 15 cities. This is a new reality and we have to be ready to meet the requirements of these projects. Being a German-based company, we are well aware of these situations. We have seen the growth curve of many countries, which gives us an opportunity to bring the appropriate product at the right time. We need to see how the market is evolving; when we realise there is an opportunity, we offer the particular products for the market. We have oriented ourselves in five major areas of construction, such as urban infra, rural infra, expressways, tunnels and airport infra, metro and high speed rail and the Swachh Bharat mission. These are the areas where the government is investing heavily.
Project execution and equipment demand: Generally, there is a trend to increase the size of the machine output to speed it up. But you cannot do that just by picking a machine and making its output bigger than the rest. Project execution requires a set of different machines. So once you increase equipment capacity in one area, you have to match the capacity with other areas. It is then that the machines will produce the desired output. Even road construction can be much faster. Higher-capacity compactors and excavators of bigger sizes can play a role in faster execution. The transport minister is also interested in this. But contractors have to adapt to the new reality of completing projects faster.