Stepping up pace
How was FY 2013-14 for your company? Any major developments?
Despite numerous challenges, SDV did quite well last year. We explored new markets in Africa and signed new industrial projects. We have also expanded our industrial projects team across India. We continued to focus on our key markets are Africa, France, USA, China and Europe.
Present market trends and expectations from FY 201415?
2013-14 was really hard for the Indian economy. The for- eign exchange rate fluctuation was one of the major factors. Volumes are down. US is slowly picking up. Europe is still sluggish. Fuel prices are going north due to the Iraq crises.
I believe the new government should encourage FDI in India. The government should also give some leverage to capital goods importers.
What are your expectations from the new government for the development of the logistics industry in India?
Infrastructure is the backbone of logistics industry. I expect that the new Government will focus on infrastructure, and modernisation of ports. India must increase exports in order to get more foreign currency. India is facing stiff competition from Bangladesh & Vietnam for garments. China is fast emerging as a new supplier of generic drugs, which will also affect our exports. We have to diversify into newer markets and newer sectors. India has to strengthen its footprint in new markets in Asia, Africa and Latin America.
Sanjay Goel, CEO India, SDV