WE ARE AIMING TO ACHIEVE RS 1,500 CRORE REVENUE MILESTONE IN INDIA BY FY24: Shivaji Waghmare, CEO of Fuji Electric India
The Machinist|July 2023
Fuji Electric India, a subsidiary of a 100-year-old group Fuji Electric Co. Ltd, is witnessing exponential growth in the country. The industrial automation and energy-efficient solutions provider recently surpassed Rs 1,000 crores for the FY 2022-23 and aims to generate Rs 1,500 crore in annual revenue in India by 2024. In an exclusive interview, Shivaji Waghmare, CEO of Fuji Electric India, discusses with Nisha Shukla the future roadmap for the company, which also involves enhancing manufacturing, R&D, and workforce capabilities in India whilst fostering a strong “In India - For India” approach
Nisha Shukla
WE ARE AIMING TO ACHIEVE RS 1,500 CRORE REVENUE MILESTONE IN INDIA BY FY24: Shivaji Waghmare, CEO of Fuji Electric India

How is Fuji Electric carrying forward the 100-year-old legacy of its group company in India? What makes India an important market for you in terms of manufacturing and market expansion?

Fuji Electric India is a subsidiary of a 100-year-old group (Fuji Electric Co. Ltd.). We are constantly striving to live up to the standards established by the latter. We are working in alignment with the global strategy of Fuji Electric. Our team is working towards realising the vision of becoming the premier, preferred, and leading energy and automation solutions provider.

Our parent company, Fuji Electric, is keen on developing local capabilities and expanding the workforce - ‘in the country – for the country.’ Our mid-term goal is to enhance our manufacturing capacities, R&D centres, and workforce capabilities in India. These measures have enabled Fuji Electric to offer solutions made in India based on Japanese technology to the global market.

Are you planning to increase the market share of any of your business segments, i.e., energy/automation?

As a global leader in power electronics and industrial automation, we have been actively expanding our presence in various markets worldwide, including India. With this objective, we have invested significantly in our manufacturing facilities, research and development, and strategic partnerships to cater to the growing customer demand and enhance our market share.

In the last 3 to 4 years, we have launched multiple new products built to cater to the challenges of our Indian customers, especially in the data centre segment. As this segment is witnessing exponential growth, we are partnering with many end-users and providing them with reliable and efficient solutions.

この記事は The Machinist の July 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The Machinist の July 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE MACHINISTのその他の記事すべて表示
SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING
The Machinist

SIMPLE AND SECURE NETWORKING: UMATI CONNECTS THE MACHINE PARK AT UNITED GRINDING

The UNITED GRINDING Group serves a diverse customer base, ranging from small businesses to large corporations, across industries including automotive, aerospace, tool and die, and precision mechanics.

time-read
2 分  |
October 2024
OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE
The Machinist

OUR AI-ENABLED PLATFORM ADDRESSES THE CHALLENGES POSED BY THE RETIRING WORKFORCE

In an interview, Vivek Joshi, Co-founder and CEO of Entytle, discusses their Al-enabled platform addressing OEM workforce challenges by automating the knowledge of retiring employees, reducing reliance on slow recruitment. He also explains how the platform preserves institutional knowledge, cleans and unifies data, and identifies growth opportunities, mitigating risks from unfilled positions.

time-read
4 分  |
October 2024
INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA
The Machinist

INDIA'S DEFENCE EXPENDITURE AND DEVELOPMENT: FROM INDEPENDENCE TO ATMANIRBHARTA

India’s journey from a nascent post-independence state to a burgeoning global power in defence is a testament to strategic foresight, policy perseverance, and the indomitable spirit of self-reliance. Over the decades, India has gradually shifted from reliance on foreign defence supplies to fostering a robust indigenous defence manufacturing sector, aligning with the broader vision of Atmanirbharta.

time-read
4 分  |
October 2024
ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE
The Machinist

ADI'S VISION FOR BMS GOES BEYOND MANAGING BATTERY CHARGE

Analog Devices India ADI) is pioneering advanced battery management systems (BMS) that revolutionise e-mobility. Vivek Tyagi, Managing Director, Field Sales at Analog Devices India, shares the company’s vision for BMS in electric vehicles and its R&D efforts in India.

time-read
3 分  |
October 2024
NEW DEVELOPMENT BENCHMARKS IN MILLING
The Machinist

NEW DEVELOPMENT BENCHMARKS IN MILLING

A look at recent advancements from ISCAR that will have profound impacts on the future direction of milling.

time-read
4 分  |
October 2024
WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025
The Machinist

WE AIM TO DOUBLE OUR REVENUE TO RS 6,500 CRORE BY 2025

Kirloskar Oil Engines Ltd. KOEL), a dominant player in diesel engines and generator sets, is setting its sights on doubling its revenue from Rs 3,200 crore to Rs 6,500 crore by 2025. As the company marks 75 years in the industry, in an exclusive interaction, Rahul Sahai, CEO, Kirloskar Oil Engines Ltd KOEL), reflects on its legacy and ambitious plans. With a strong market share of 30 per cent in the diesel generator market, KOEL’s success is rooted in continued investments in technology and infrastructure. Edited excerpts:

time-read
8 分  |
October 2024
TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS
The Machinist

TRITON WILL BE RS 500 CR COMPANY IN THE NEXT 3-5 YEARS

In an interaction Jitendra Srivastava, CEO, Triton Logistics Maritime Private Limited spoke about the company’s plans, collaboration and technology adoption in the logistics sector. Edited excerpts...

time-read
7 分  |
October 2024
LEADING THE TRANSITION TO A GREENER, MORE EFFICIENT FUTURE
The Machinist

LEADING THE TRANSITION TO A GREENER, MORE EFFICIENT FUTURE

In an interview with Saishree Mohanty, Anirudh Bhuwalka, CEO of Blue Energy Motors, discusses the company’s efforts to revolutionise India’s trucking industry with LNG-powered vehicles, sustainability initiatives, and future growth plans.

time-read
3 分  |
October 2024
UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA
The Machinist

UNVEILING THE PATH TO AI-DRIVEN MANUFACTURING EXCELLENCE IN INDIA

As the industry delves into AI and cloud computing, the article explores the many challenges and opportunities that will influence the future of Indian manufacturing.

time-read
3 分  |
October 2024
DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES
The Machinist

DIGITALISATION AND THE POWER OF SAAS FOR SMALL AND MEDIUM ENTERPRISES

As small and medium enterprises SMEs) face increasing pressure to innovate and accelerate time-to-market, adopting digital transformation is crucial. Leveraging Software as a Service SaaS) offers SMEs an affordable, scalable solution to streamline operations, boost productivity, and remain competitive in today’s fast-paced market.

time-read
3 分  |
October 2024