Japan has recently promised to provide $35 billion to India through public and private funding over the next five years for development projects, including building of smart cities and cleaning of River Ganges. Five pacts were signed by the two countries covering defence exchanges, co-operation in clean energy, roads and highways, healthcare and welfare of women. Each pact accompanied a proposition to take the relationship between the two nations from one that is strategic in nature, to one that is even more strategic. Japan is expected to help India with financial, technical and operational support to introduce bullet trains. Such developments signal at a sweeping change India could look forward to in the next 3-10 years. The transformation from current trains that are perhaps five generation older than a bullet train is, or the transformation of Indian cities (lacking open spaces, footpaths and plumbing systems) into smart cities, the winds of change India is likely to experience will be no less dramatic or shallow. They will not be short of excitement and trepidation either. The winds of change are more than likely to get India on the track to boasting of a world-class infrastructure, efficient systems in almost all walks of life!
Equipment will play a big role in all this. As the need for mechanisation builds up, equipment - irrespective of whether they are fit to work on a farm, in a warehouse or on a construction site, will play a vital role in the transformation of the country. They will also elevate the manufacturing efficiency of the nation, and help it to emerge as a leading manufacturing hub of the world, perhaps the best that the world has seen in the recent times! A hub where all the global companies find a place of pride to manufacture as well as export and a hub that is lacking in no aspect whatsoever. Reaching to this level should not be tough. India has already gained a healthy reputation for its products in the global market. Enough to drive global companies to source from and invest in India. For example, most global equipment manufacturers are present in India. There is, in fact, a healthy competition, unlike in many other markets, between the home grown and global makers. Both are drawing a good deal locally, highlighting the manufacturing abilities and skills Indian enterprises and people possess.
An important part of Indias manufacturing prowess is the bearings industry, estimated at over Rs 85 billion. It makes some of the best and most competitively priced bearings in the world. Comprising some of the best names in the bearing industry like SKF, Timken, FAG, INA, NBC, ARB, Delux and others, the bearings industry in India is firmly on the growth path. It has been serving the domestic and export markets, catering to the needs of off-highway equipment makers as well as their components manufacturers. May it be a forklift, or the mighty dump truck from Caterpillar, a bearing, though not as interesting or inspiring as the tiny transistor in an electronic circuit, is definitely as important. The way the transistor amplifies current, and regulates its travel across the gates to ensure smooth functioning of an appliance, a bearing ensures reliable and smooth transfer of torque and motion across two surfaces, often under arduous conditions that call for high levels of endurance.