"Making the most of India's conducive business climate"

...states Prashant Sardeshmukh, Managing Director, MMC Hardmetal India. In an interaction with Neha Basudkar Ghate, he talks about the business dynamics of the company & analyses disruptive technology in the cutting tool industry. Excerpts...

How is India placed in the global cutting tools market? How are you developing the business strategy for a promising outlook in the coming years? Currently, India’s contribution to global output is negligible. India stands 10th in consumption and 13th in the production of cutting tools. One of our strategic developments is about making the most of India’s conducive business climate. We are putting a major thrust on Make in India activities, thereby reducing our dependability on imports.

As a part of our strategic development, we have set up a facility at Aurangabad to manufacture the special tools to integrate with the market and extend speedy service. We have also launched a world-class technology centre in Pune to provide total technical support to customers in the Indian subcontinent. All these and many other efforts are intended to improve customer engagement and integrate the market.

Looking back at your journey with MMC Hardmetal India, what do you think are the major milestones that you would like to share with us? Some major milestones for me include setting up the state-of-the-art manufacturing facility at Aurangabad, Maharashtra to integrate with the market and provide speedy service.