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#TheFOMInspiringStories: Driving India's Economic Progress through Exports and Innovation

By Guest Author,

Added 25 July 2023

Amit Pendse, President, Electronica Plastic Machines Ltd underlined the importance of exports in India's economic progress.

Working for the nation entails more than just working at its borders. Any action taken towards the growth of the country is a contribution to your country. A discussion with Amit Pendse, President, Electronica Plastic Machines Ltd, during the FOM Inspiring Stories Series, underlined the importance of exports in India's economic progress. He emphasised that the country's circumstances for expanding the output of this sector are favourable, as it is home to leading technologies and is producing pioneering work in the same.

Pendse described his travels, revealing that his father's job required him to relocate to several districts of Maharashtra. He received his primary education in Nasik and pursued his further studies in Alibaug. Pendse received a diploma in petrochemical technology before enrolling in an intense polymer engineering programme at the University of MIT Pune. Meanwhile, he spent a year at Fergusson College in Pune, exploring his interest in photography while also competing in badminton and cricket championships.

Growing up in a family that encouraged a nurturing bond between his siblings, the Electronica President has instilled this childhood learning into his profession as he maintains close relations with his company's workers. Today, Pendse is a proud father of two children and a loving husband to his wife, with his children prospering in chemical engineering, nuclear power, commerce, and language.

 He advised, "Be true to yourself. Whatever you do, your conscience should be confined, and you should be committed to it. Once you decide something, you must honour that and not give any excuses, as it comes from the heart." He believes he owes everything to society and is dedicated to working for it.

Finally converting his wide base of knowledge into his work ethic, he began working with Finolex Cables Ltd. Subsequently, he gathered experience working alongside Garware-Wall Ropes Ltd. This proved momentous for him, as his company was the first to explore the possibility of using PP multifilament for rope manufacturing. This was pivotal; his involvement in the task of raising the supply of their goods from twenty tons to over a hundred tons per month, proved beneficial to the company, and it has only grown since then. Pendse remains proud to have been a part of it.

 His work translated into success as he joined Electronica Plastics in 1996 as a manager for applications and customer support which enabled him to realise customer grievances and the issues that rose with the manufacturing of their product. His efforts in bringing these concerns to the attention of the manufacturing team, resulted in him being appointed to oversee the company's nationwide manufacturing activities.

 The company dissolved the independent Electronica entity that dealt with sales and the new organisational pattern brought manufacturing and sales under one roof, establishing direct communication with its end consumers. The year proved prosperous as Electronica also achieved the status of a limited company. The driving force behind these accomplishments was a genuine commitment to design energy-efficient machinery with minimal production costs. Intent on maximising their exports, they have broadened their reach into international markets.

Achieving significant milestones in his work portfolio, Pendse assumed the position of Managing Director in 2014. Electronica has grown significantly in two ways since then. To begin with, they have expanded as a company, surpassing the 100-crore mark in 2017. Secondly, they have grown as a family with a cohesive, responsive team that not only works closely but is also emotionally knitted together in the company's fabric.

The Electronica President expressed his confidence in the country by speaking about the underlying potential that India's youth possess. He mentioned that Indians today are heading leading multinational companies across the world. In the sector of plastic machinery, India is at par with the world, and we beautifully mould ourselves to incorporate the new advances in this niche into our products, and that is how we support the Indian industry. Manufacturing companies like Electronica are the focal point of this growth and should be supported by the service industries revolving around them.