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COVER STORY

we tackled these challenges by investing heavily in supplier
development programs, creating a skilled talent pool through
training initiatives, and embracing digital technologies to enhance INTERACTION
efficiency. Collaborative efforts with government bodies and
industry stakeholders have also been instrumental in overcoming
these hurdles.

How does the “Make in India” initiative aim to boost innovation
and technology in the construction equipment sector? Do you
practice ‘Make in India and Sell Globally,’ using your India
manufacturing base to supply to the global market? Can you
detail game-changing technology/products developed by your The initiative has catalyzed massive job creation, both directly and
company? indirectly. At SCHWING, our manufacturing units, supplier networks,
The initiative places innovation and technology at its core, and service teams have collectively contributed to significant
encouraging companies like ours to innovate relentlessly. At employment opportunities. Additionally, skill enhancement
SCHWING, we firmly embody the principle of ‘Make in India and programs have further empowered the workforce, ensuring they
Sell Globally.’ Our India facility not only caters to domestic needs are equipped for evolving industry demands.
but also supplies equipment to 55+ countries worldwide. Products
like the SLM 4000 self-loading mixer and our high-rise concrete What measures have been taken to enhance skill development
pumps are prime examples of technology-driven innovations that in the construction equipment sector under the “Make in India”
have set benchmarks in the industry, making construction projects initiative? What more needs to be done to bring skills at par with
faster, safer, and more efficient. global standards?
Skill development has been a key focus area. We have established
Has your company adopted Industry 4.0 in your manufacturing training centers and collaborated with industry bodies to upskill
operations? What benefits have you reaped by adopting Industry operators and technicians. Our operator training programs
4.0? enabled with state government MoUs are an example of our
Absolutely, Industry 4.0 is integral to our operations. By leveraging commitment.
IoT, AI, and automation, we have streamlined production,
reduced downtime, and enhanced product quality. Predictive How does the “Make in India” initiative address the environmental
maintenance ensures minimal disruptions, while real-time data concerns related to the construction equipment industry?
analytics aids in informed decision-making. These advancements How are you addressing sustainability in your operations and
not only optimize costs but also enhance customer satisfaction by equipment?
delivering superior products on time. The initiative encourages sustainable practices, aligning with
global trends. At SCHWING, we’ve prioritized green manufacturing
What role does foreign investment play in the success of the by adopting energy-efficient processes and reducing waste.
“Make in India” initiative for construction equipment? Our products, such as concrete recycling plants and sludge
Foreign investments bring in advanced technology, expertise, and pumps, exemplify our commitment to sustainability by enabling
capital, which are vital for scaling operations and achieving global environmentally responsible construction practices.
competitiveness. SCHWING has benefitted significantly from being
part of a global network, enabling us to localize cutting-edge What are the future prospects for the construction equipment
technology and drive innovation while meeting international sector under the “Make in India” initiative?
standards. This has reinforced India’s position as a preferred The future is promising. With increased infrastructure spending
manufacturing hub for construction equipment. and favorable policies, the construction equipment sector is
poised for double-digit growth. We envision a landscape where
How has the “Make in India” initiative influenced the export Indian equipment not only supports domestic projects but also
potential of Indian-made construction equipment? Have we dominates the global market as the epitome of innovation and
been able to fully capture our manufacturing potential and reliability.
showcase it to the world?
The initiative has significantly boosted India’s export potential. Give us an understanding of your company’s performance this
At SCHWING, our export revenues have seen consistent growth, year and your outlook going forward.
thanks to the trust in Indian engineering and quality. While we have 2024 was a year of resilience and consolidation, with steady
made substantial progress, there’s still untapped potential. We are single-digit growth due to global uncertainties, including
committed to leveraging this momentum and showcasing Indian elections worldwide. However, the momentum is picking up,
manufacturing excellence to an even broader global audience. and we anticipate double-digit growth in 2025. With our robust
product lineup, expanded export footprint, and unwavering focus
How has the “Make in India” initiative contributed to job creation on innovation, SCHWING is well-positioned for a successful year
in the construction equipment sector? ahead.

JANUARY 2025|CONSTRUCTION OPPORTUNITIES 21