How do you see the drive system market in India?
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The geared motor and the industrial gear box market are not directly related to the GDP growth of the country; however the growth is always 2-3x the GDP. It is an attractive market as this industry spreads across all the sectors like chemical, pharmaceutical, engineering, aviation, steel, infrastructure etc.
NORD is performing well in the geared motors segment of drive systems however we need to strengthen our hold in the variable frequency drive coupled with gear boxes segment. We plan to strengthen our hold with our unique product - decentralized drive system.
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How do you see the competition here in India? Is it more from the organized or unorganized sector?
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The drive system market is becoming more organized and growing at much higher pace which is a welcome sign for a high quality solution provider like Nord. There are only a few organized players in this field; brand new players entering the sector are seldom. We don’t see any small companies coming up or unorganized sector growing.
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NORD Drivesystems Pvt. Ltd, Pune. Mobile: 096899-00320, 097654-90890. Fax: 91-20-39801216. Email: SSingh@nord-in.com.