In this enlightening episode of Motion Masters, recorded at the Bearing and Power Transmission World Meetings 2024 (www.bearing-power.com) in Istanbul, host Jigar sits down with Shrinand Palshikar, Managing Director of SKP Bearing Industries. This conversation explores the evolving landscape of the Indian bearing industry and its growing global footprint.
Mr. Palshikar shares invaluable insights on how Indian companies can thrive in the international market by adopting customer-centric approaches and embracing sustainable practices. A standout revelation is SKP’s remarkable achievement of becoming carbon positive – a pioneering step in an industry traditionally associated with high energy consumption.
The discussion explores the rising trend of Indian companies acquiring companies out side India, a strategic move reshaping the global bearing industry. Mr. Palshikar explains how these acquisitions are not just about market expansion, but also about gaining technological expertise and enhancing innovation capabilities.
Listeners will gain a comprehensive understanding of: – How Indian bearing manufacturers can succeed in global markets? – The importance of sustainability in manufacturing – The impact and benefits of acquiring companies closer to the customer – How customer proximity is driving innovation and growth in the bearing industry?
Whether you’re a industry professional, an entrepreneur looking to expand globally, or someone interested in sustainable manufacturing practices, this episode offers valuable insights into the future of the bearing industry and India’s rising role in the global industrial landscape.
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