Page 42 - ENGINEERING REVIEW APRIL 2022 DIGITAL MAGAZINE

COVER STORY
#BEARINGS

While boosting domestic manufacturing
is essential to growth, our focus also
needs to be on international sales;
expanding India’s global footprint is also
an important goal. Therefore, looking out
for merger and acquisition opportunities
is key. These integrations are essential
as they help expand businesses and
diversify product range. These strategic
partnerships will help take the Indian
industry closer to the international
consumer and give us a bigger playing
field. Sustainability, quality and innovation
will play a key role in this growth to
make India play a bigger role in global Brenco in Jaipur to manufacture railway developments in the automotive segment
manufacturing. bearing seals in India. NBC-Brenco plans and expect it to grow steadily. One
to add automotive seals and products with segment that we are bullish about is
Q. What are the NBC BEARING’s metal fabrication in the future. We will also the industrial segment where there is
future plans & are there any new be introducing more bearings for Electric a lot of scope for growth as the market
products that will be introduced in Vehicles, along with smart bearings and is huge. We’ll put special efforts to
near future to compete with other high speed bearings and our industrial grow our business in this segment
manufacturers? range of bearings is being enhanced with in the coming future. Apart from this
On the product front, we added high spherical & cylindrical bearings. aerospace segment, although at very
RPM and low noise bearings for electric On top of that, we’re actively exploring initial stages, looks promising for the
vehicles to our portfolio and have already aerospace, defence, space-exploration long run.
started supplying to Indian and European and other sectors, to grow. Apart
EV customers. from the activities we are doing in Q. As per opinion what are the
On the investment front, we have lined India, we will continue to expand our initiatives that all manufacturers
up a capex plan which will largely be presence in international markets. We needs to take up to equip for the
spent in construction of the new plant will also continue to look for expansion future?
near Jaipur and machinery. This new plant opportunities to fuel our growth. The need of the hour is less dependency
will have about 20 production lines in on imported products and developing
the first phase, which is expected to get Q. What are the key technological a local supplier ecosystem. This will
completed by the mid of 2023. Last year, trends that are driving your product help local manufacturer expand to not
we had also collaborated with Amsted industry? only cater to local demand but also
Seals to start a greenfield project, NBC- We are keeping pace with the explore international markets. With
digitalization, India’s industries should
work on planning production, preparing
their buffer inventories, forecasting
demand, and rebuilding supply chains at
optimised costs. It is also a ripe time for
manufacturers to invest on systematic
research and development to maximise
benefits from the globalisation of
the industry. Government support is
needed in ready availability of capital
at lower rates, ease of doing business,
low energy costs and internationally
competitive logistics infrastructure.

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