Keeping the hopes alive
In 2016, Bosch is anticipating two very significant changes. "One with respect to the introduction of the emission legislation and the second, introduction of Goods Service Tax (GST). Introduction of BS4 would be positive for Bosch. We anticipate a moderate growth in 2016. In 2016, as well, Bosch's approach will mostly be cautious and reactive," says Wolf.

Vatkar of HIL Ltd. believes that overall market situation should improve with demand starting to grow. But he also adds that the effect of a not very good monsoon is a concern.

Melligeri shares that Aequs has aggressive growth plans in all verticals, especially Aerospace which is expected to achieve a similar growth rate of more than 50 percent YoY. "We expect our Automotive vertical to deliver forged machine parts from our ecosystem. This is of much significance as we move up in the value chain from being just a machining player to an integrated supplier for our customers.

"Also, we are hopeful that the Oil & Gas sector will show signs of recovery in the later part of 2016 (Q4). Our new plant dedicated to Deephole Drilling components will be ready by that time. Also, there is a possibility that the Global Supply Chain model addressing the right mix of Delivery and Cost would be re-defined."

Doshi of Waaree Energies thinks the solar industry will grow further in the next year and the atmosphere will be all the more favourable. An estimated 10.8 GW capacity is expected to be added between April 2016 and March 2017, as per the recently issued document by the Ministry of New & Renewable Energy (MNRE) states. A huge portion of this capacity is expected to be added through central government policies while states would continue to play catchup, Doshi believes.

Shukla is hopeful that 2016 will have lot of opportunities for Godrej & Boyce. "The government has kick started the reforms process in the right earnest and effects of this will be seen in the months to come. Improvement in ratings for ease of doing business, improved situation in power sector, improved push in railways and road / infrastructure, encouragement for FDI are positive signs. What would help immensely is passage of the GST and Land Acquisition bills, and addressing the NPAs from a wide range of sectors - Infrastructure, Steel and we hope that these would happen sooner than later," he adds.

Okiyama of Bridgestone India sees things getting better in 2016 and he has a good reason for that. "Acceleration in the automobile sales and demand in replacement market will help in improving the tyre industry. We hope that the sustainable growth in GDP and some reforms will benefit the automobile and ancillary industries."

Taparia of NEIL too hopes that things will get better with better demand driving growth. "Rural demand is expected to pick up from January, 2016. The market was facing a liquidity crunch. With interest rates going down and RBI policies in favour of liquidity in the market, more funds would be available."

Sebi Joseph, MD, Otis Elevator Company India, too is positive for 2016 and sees potential across residential and commercial buildings as well as infrastructure. Presently, residential real estate accounts for a larger portion of elevators required in the country. Elevators continue to witness growing penetration in mid-rise and high-rise buildings in the residential sector.

"The commercial sector is also a significant factor given the urbanization trend that we see across India. Infrastructure development also presents a great opportunity for growth with the government's initiative to build 100 smart cities. This commitment toward speeding up the pace of urbanization by investing in smart cities, ports, metros and airports will provide immense growth to the elevator segment," he says.

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