Resonating valuable vision: ‘Deliver Inspiring Spaces’
Synergy has always believed in being a value driven organisation, whether it is in the way of delivering a successful product and establishing high level of organisational standards.
Share with us your impact reactions on the construction machinery and equipment market for the current year, estimating the relative growth and demand potentials.
With the increased need and focus on the infrastructure sector including railways, airports, expressways and state highways, favourable opportunities for growth in the Indian Construction Equipment Industry is likely to rise. Considering the growing shift towards mechanisation in real estate industry, we expect the growth to continue through the year.
Investment in infrastructure is one of the main growth drivers for construction equipment industry. There remains a demand for equipment for niche applications and the manufacturers have recognised the need and started giving end-to-end solutions to cater to this demand.
As per industry reports, the Construction equipment industry in India is expected to reach USD5 billion by FY20, showing a healthy growth over the next few years. Increase in government spending on infrastructure developments, including roads, metro rails, flyovers and commercial complexes will further benefit the construction equipment market growth over the next few years.
Tell us about your new innovations/views on the current promising trends of the Industry.
Today, India is at the cusp of growth led by innovation. We are witnessing an age where technology is being integrated successfully into infrastructure.
As per industry reports, the volume of construction output is expected to grow by 85% to $15.5 trillion worldwide by 2030, with three countries, China, US and India, leading the way and accounting for 57% of all global growth. The opportunity remains huge, but to ensure such sustained growth and also ensure delivery, there is a need for bringing pioneering ideas and innovation.
There is already lot of progress being made in off-site manufacturing which has proven to be effective in reducing delivery time. Technologies like top-down construction and implementation of factory-built products with only erection at site are some of the initiatives which the industry is embracing. Some other innovative product/ technology being adopted include Construction robotics, 3D Modelling, Thermal Bridging etc. From cutting-edge building technologies to innovative construction methods and better decision-making systems, projects are getting smarter. Given the rapid development of emerging construction opportunities, we could expect faster projects, lower costs and better buildings.
What is your business Outlook, in terms of expansions and development, for the progressive year-2018.
We are currently managing approximately 180 million sq. ft. across various geographies. We have a very sound Order Book. We continue to deliver successfully and consistently for our Clients, and the immediate pipeline is extremely robust and buoyant. We have delivered close to 120 million sq. ft. of projects. Synergy has successfully completed 15 years of operations, and it further aims to broaden its portfolio, not just in India but in other emerging markets where Synergy already has strong presence.
Speaking of our philosophy and approach towards work, Synergy is fully committed to bringing in technology in all our projects. Synergy were quite early to recognise the need for mechanisation in a large country like India, and we take pride to have consciously moved away from heavy dependency on conventional system of development, and ushering in newer technologies such as steel buildings/ composite structures and precast systems; we have also embraced management systems like cloud based software for tracking projects and innovative systems and procedures. Overall, as a Corporate policy, the Organisation has remained focussed in exploring and adopting latest technology in engineering that can prove beneficial to the industry.
How would you predict the year 2018 in terms of the market opportunities for remaining competitive.
The burgeoning Indian real estate industry provides stimulus to the demand for concrete and building construction equipment. Increasingly, as mentioned earlier, the construction sector is leaning heavily and irreversibly towards mechanisation, from the obvious need to reduce delivery time and control of costs – leading to higher demand for advanced construction equipment. Fundamentals for the sector are set to remain strong on the back of increasing infrastructure investments.
