Key Points
Chennai, 25 August 2023: Mr K.V. Karthik, Managing Director, Deccan Industries, one of Indias leading pump manufacturing companies, headquartered in Coimbatore, has been elected as the president of Indian Pump Manufacturers Association (IPMA), the countrys premier body representing the US$ 2 billion pump manufacturing sector, for 2023-24...
While thanking the IPMA members for having elected him as their president, Mr Karthik said that he would focus on increasing the synergy between IPMA, The Southern India Engineering Manufacturers Association and Rajkot Engineering Association, the two other major industry bodies represent the 1500-odd pump manufacturers in the organised sector..
We need to promote collaboration among the units which would pave the way for cost savings, improved product design & collective sourcing, and thus help the sector address the global demand of diverse product offerings and competitive pricing.. Indias pump industry is 100 years old..
He added that by making use of the countrys strength in the IT sector, the industry should up the ante in product design and introduce pumping systems with IoT and smart control features to gain strength in the global market as the customers demand real-time and remote monitoring, optimised energy consumption and predictive maintenance alerts...
While thanking the Government for extending all assistance for expanding the global footprint of Indian pumps, he also requested the Government to consider the industrys plea for one country, one product, one standard and one certificate for pumps as multiple certifications through different agencies are affecting the ease of doing business in this sector...
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