We need to design and produce systems that are for the market

02 Jan 2019 CW Staff

The newly launched ALPHADECK slab formwork system was the highlight for PERI (India) at bauma 2018. Being a German company, this is the first system where the ideation and the prototype, the design and planning have been done in India. “This is our first formwork system that is made in India, designed in India and for India,” says Raj Lakhani, Managing Director, as he shares more….

One pathbreaking offering: Our focus on safety and quality. In terms of safety, we look to the future and that’s what we do.

Demand drivers in 2019: Residential is the biggest sector as a contributor to our company’s sales, but now infrastructure is the fastest growing sector assuming that the government will continue to invest in infrastructure.
Announcement contributing to the company’s growth in 2018: We launched a techno polymer-based DUO universal formwork system in bauma 2016 and that contributed to good growth because it is a recyclable green technology and is environment-friendly.

Challenge for the company in 2019: None really; we are growing well and we expect to continue to grow.
Key strategy to success in 2019: We need to design and produce systems that are for the market and we need to give the market what it wants.

Recommendation for growth of the construction equipment market: Focus on safety, quality, speed, and economy.

- SHRIYAL SETHUMADHAVAN, SERAPHINA D'SOUZA and SUDHEER VATHIYATH

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..