Q. You have been operating in Jaipur for almost 4 years. What’s your experience with Rajasthan government?
A. It’s been fabulous. The chief minister is visionary. The government is proactive and has been quite supportive. Indian otherwise is a complicated country. There are several government related problems in many states. But Rajasthan has been as exception. It’s been a great journey so far.
Q. What are your plans for Jaipur plants?
A. We had committed an investment of Rs 500 crore but we have already invested Rs 750 crore so far. From just one product line to three lines, we have expanded our product portfolio in Jaipur. Now we would be focusing on manufacturing various components also apart from machines and equipment. We have already set aside additional 44 acres of land where we will set up another plant but it will not be now. It will take some time.
Q. Is there any impact of GST on your business?
A. We are quite happy with the concept of One Nation, One Tax. It’s been in other parts of the world also. It has eased doing business in India. We have passed on the tax benefits to our customers the day GST was implemented.
Q. India contributes 39% to your global business. What do you think would fuel your growth in the country?
A. There is rapid urbanisation happening in the country. Roads, highways, urban rejuvenation and development of smart cities are fuelling our growth. Besides, construction of rural roads and infrastructure development in villages and semi urban areas are also pushing demands. Railways in India probably is the largest rail network. But it needs modernisation which will require capital investment and would push our growth. Apart from that irrigation projects and water conservation systems, especially in Rajasthan will spur growth. In a democratic country of 1.3 billion people, domestic demand itself will fuel growth.
