The annual turnover of the industry here was about Rs. 2,500 crore (including the unorganised sector). Last financial year the industry had just survived though it used to grow at 10 to 12 per cent annually otherwise.Mr. Ramdass explained that Coimbatore’s pumpsets were mainly for the agricultural and domestic sectors. Agricultural sector had not taken a hit and this helped the pump industry. Only monoblock pumps catered to the replacement market in large-scale. Submersibles, open well submersibles and domestic monoblocks were mostly for new installations and all these had a good market.
“We are able to sustain and future looks good provided we have good monsoon,” he said. Coimbatore manufacturers had gained some of the lost markets as they were now able to give quality products at competitive prices and increased market reach.“If the positive trend continues, we will regain old glory,” he said.
Mr. Ramdass was hopeful of the organised sector increasing its market share once the technical clarifications were sorted out with the Bureau of Energy Efficiency and pumpsets started adopting its standards.“It will be a benchmark for quality pumps,” he said.As an industry, the focus would now be on widening the scope to other pumps such as industrial. Further, there was a shift in the model of pumps that farmers wanted. So, the industry was working on improving technology and efficiency.Mr. Ramdass said expanding to other types of pumpsets would enable the industry to be recession proof.
The capital equipment was the same for agricultural and industrial pumps. So, the industries would only have to focus on technology to manufacture pumps for industrial and other purposes, he said.