Panel Members from left Mr. M. Seethapathy Rao CMD of Hycom Engineering, Mr. Rashmikant Joshi MD of Festo India, Mr. Pratik Kumar MD of Wipro Infrastructure, Mr. Rajesh Bhandari MD of Gate India and Mr. Nitin Chalke MD of Eaton Fluid Power
Creating an Indian Multinational in Fluid Power
FPSI organised CEO Conclave at MDA India Pavilion in MMRDA Ground, BKC Mumbai with HMFI which bring 3 industrial trade shows under 1 platform called World of Industry (WIN).
CEO Conclave is an informal gathering of captains of Industries from Fluid Power community and gives a platform to network, free exchange of ideas / opinion and bringing them under one roof.
The theme of this year CEO Conclave was on “Developing Business Opportunities”, were we had key note speaker Mr. Pratik Kumar, CEO of Wipro Infrastructure Engineering followed with Panel Discussion with topic on “getting ready for the boom in the Indian economy”.
The event was moderated by Mr. Seshnath B, President of FPSI address the gathering highlighting current Indian economy scenario and various Govt initiatives including Make in India, Digital India, Skill India, Start-up India and Swach Bharat Abhiyan concept with impact on Fluid Power Industry.
We had key note speaker and Chief Guest Mr. Pratik Kumar, CEO of Wipro Infrastructure Engineering delivering speech on “Creating an Indian Multinational in Fluid Power – The Wipro Experience”, he shared his thoughts on how Indian companies can bringing Fluid Power industries in to Global Platform.
The Key note session ended with Q&A from delegates from various Fluid Power sectors.
The panel discussion encircled on Future prospect of the Indian economy and particularly the evolution of the fluid power market.
Various points discussed during panel discussion were;
- Govt spending on infrastructure and the ripple effect it will have on industry.
- Increase in Defence spending by the GOI and the consequent large opportunities that may present themselves to Indian businesses
- Increased used of Automation and Robotics in India industry in the coming years and the likely possibilities in the manufacturing sector
- Job creation and job expansion through the rigorous implementation of the Make-in-India programme.
- Ways for indian industry to counter competition from imports – improvements to product quality, investments in R&D/product development etc.
The conference ended with Question and Answers session and vote of thanks by Mr. Victor Edward D’Souza, General Secretary of FPSI.