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Pharma Sector is Poised for Exceptional Growth in the Coming Years

Pharma Sector is Poised for Exceptional Growth in the Coming Years

Vikram Jeet Dhingra , Group Sales Head, WIKA India


Q: Could you elaborate on the significance of WIKA India's Force Measurement Production Unit in Pune and how it aligns with WIKA's strategic objectives, particularly in the Indian market?

The establishment of the Force Measurement Production Unit in Pune underscores WIKA India's commitment to embracing technological progress and delivering top-notch solutions to our customers. By investing in this state-of-the-art facility, WIKA India is poised to revolutionize the field of force measurement, catering to diverse industries such as automotive, construction, and oil and gas. This initiative signifies a leap forward in the company's growth trajectory and reaffirms its dedication to elevating operational standards and enhancing customer experiences across the nation.

WIKA India recognizes the pivotal role that customized force measurement solutions play in addressing the unique needs and challenges faced by different sectors. Through this facility, the company aims to leverage its expertise and resources to develop tailored solutions that optimize performance, reliability, and safety across various industrial domains.


Q: WIKA India aims to double its turnover by 2025. What specific opportunities or challenges do you foresee in the Indian market that will drive this growth?

The strength of the Indian economy amid global challenges can be visualised through its robust macroeconomic fundamentals. Despite adversities, India's real GDP is projected to grow at an impressive rate of 7.3 percent in FY23-24, reflecting its resilience and potential for growth. This growth trajectory positions India as a significant economic and geopolitical power on the global stage. Moreover, the proactive measures taken by the government, including stable governance, strategic reforms, and initiatives like the ‘Make in India’ campaign, are fostering a conducive environment for investment, thereby stimulating domestic demand and economic expansion.

Looking ahead, these actions could pave the way for India to ascend to the position of the world's third-largest economy within the next five years. The government's emphasis on policy reforms and the promotion of indigenous manufacturing further bolsters investor confidence and spurs economic activity. This environment of stability and growth opens up new avenues for companies like WIKA, particularly in sectors experiencing heightened demand for integrated solutions, such as Industrial Internet of Things (IIoT).

Notably, industries like healthcare, food and pharma, and automotive are poised for exceptional growth in the coming years, driven by evolving consumer needs and technological advancements. WIKA, with its focus on innovation and tailored solutions, is well-positioned to capitalize on these emerging opportunities, aligning with its strategic objectives for expansion and market leadership. As these sectors continue to thrive, WIKA stands to benefit significantly, leveraging its expertise to meet the evolving demands of these dynamic industries.


Q: Could you elaborate on WIKA's initiatives regarding the company's focus on carbon-neutral operations and sustainable business practices?

WIKA places a strong emphasis on environmental responsibility by adhering to both national and international environmental regulations. This commitment extends beyond mere compliance to encompass a proactive approach towards energy conservation. In manufacturing processes, WIKA prioritizes energy efficiency measures alongside ensuring the highest quality standards in its products. For instance, in the construction of new facilities, energy-saving principles are integrated, with a particular focus on incorporating thermal recovery systems. These initiatives underscore WIKA's dedication to minimizing its environmental impact while maintaining operational excellence.

As part of its strategic vision and under the ‘Make in India’ initiative, WIKA is committed to local manufacturing, a strategy aimed at reducing its carbon footprint. By producing locally, WIKA not only ensures proximity to its markets but also mitigates the environmental impact associated with transportation and logistics. This localization strategy aligns seamlessly with WIKA's broader sustainability objectives. Having actively engaged in the sustainable movement, WIKA plans to expand its sustainable manufacturing practices across India, reflecting its steadfast commitment to environmental stewardship and corporate social responsibility.


Q: WIKA is known for its expertise in pressure and temperature measurement. How does the company stay at the forefront of technological advancements in these fields?

At WIKA, staying at the forefront of technological advancements in pressure and temperature measurement is ingrained in our core values and business philosophy. We prioritize innovation and invest significantly in research and development to ensure that we remain leaders in our field.

One key aspect of our approach is continuous collaboration with industry experts, research institutions, and technology partners. By fostering these partnerships, we gain access to the latest advancements, emerging trends, and cutting-edge technologies in pressure and temperature measurement. This collaboration allows us to integrate innovative solutions into our products and services, keeping them at the forefront of industry standards.

Additionally, we maintain a dedicated team of experienced engineers, scientists, and technical experts who are committed to pushing the boundaries of what is possible in pressure and temperature measurement. Through ongoing training, skill development, and knowledge sharing, our team stays abreast of the latest developments and methodologies, ensuring that our solutions are always at the leading edge of technology.

As an organisation, we continuously monitor market trends, customer feedback, and regulatory requirements to anticipate future needs and challenges in pressure and temperature measurement. This proactive approach enables us to develop innovative solutions that address evolving customer demands and industry requirements.

WIKA's commitment to innovation, collaboration, and continuous improvement allows us to stay ahead of the curve in pressure and temperature measurement, ensuring that our customers always have access to the most advanced and reliable solutions available.


Q: With megatrends such as decarbonization and digitalization shaping the industry, how does WIKA anticipate and respond to evolving customer needs and market demands?

Ans: WIKA's extensive experience and expertise in sensing technology not only sets us apart but also enables us to create solutions that are smarter, more sustainable, and inherently valuable, positioning us for success in the future. In today's rapidly evolving landscape, characterized by megatrends such as digitalization, decarbonization, and demographic shifts, WIKA recognizes the need to adapt and innovate.

With our advanced technological products, WIKA is at the forefront of change, leveraging our expertise to evolve alongside these megatrends and harnessing the power of sensing technology to address emerging challenges. We are dedicated to using all available resources and insights to develop solutions that meet the evolving needs of our customers and the market.

WIKA's ethos of being ‘Smart in sensing’ embodies our commitment to providing practical answers to complex global issues through our intelligent sensing solutions. By integrating cutting-edge technology and innovative approaches, we not only anticipate market demands but also contribute to shaping a more sustainable and efficient future.

Our ability to adapt to changing trends and leverage our expertise in sensing technology allows us to provide comprehensive solutions that address diverse challenges across various industries. From enhancing operational efficiency to minimizing environmental impact, WIKA's intelligent sensing solutions are designed to deliver tangible benefits and drive positive change on a global scale.

WIKA's dedication to innovation, sustainability, and addressing global challenges underscores our commitment to being a leader in sensing technology. By staying ahead of the curve and continuously evolving, we remain poised to meet the demands of tomorrow and make a meaningful impact in an ever-changing world.

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Articles about interviews | March - 14 - 2024



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