LEADERSHIP UP, CLOSE & PERSONAL What’s your success mantra? Focus on planning, prioritization and execution! What’s your leadership style? Enhanced engagement & empowerment of employees Who’s your mentor? I have had several mentors over the years and they have created an open learning and sharing path for me, conducive for my continuous development. Which book have you read recently and how have you implemented those learnings in your business? The Founder’s Mentality by Chris Zook and James Allen. The 3 main ideas presented in this book – Insurgent mindset for customers, unambiguous owner’s mindset and relentless mindset to frontline are under implementation in our business. What’s your passion? Being bold and ambitious! of our services sector and urbanization, we would continue to see opportunities being created under ‘Digital and Make in India’ initiatives. As you know, 2/3rd of India is yet to be built and this offers a great opportunity for investments in infrastructure, which will in turn drive the growth of core sectors of Indian economy. In line with government’s ‘Make in India’ initiative, Danfoss also kickstarted its own version of the same with a new manufacturing campus in India. Danfoss has a three-step approach to ‘Make in India’: First – to make in India for the Indian market, second – to make in India for the rest of the world and third – to make components in India for application in global innovations. Furthermore, our promise towards Engineering Tomorrow’s India in a sustainable manner holds true by way of providing energy-efficient solutions to diverse industries. With regard to GST, I foresee transparency in the business chain, which will enable significant value creation for the Indian economy.
14 | CELERITY • July 2017
How complex & challenging is it to work in India vis-à-vis other countries as Danfoss is a global brand? The Indian manufacturing sector has the potential to grow six-fold by 2025 up to $1 trillion, creating up to 90 million jobs. With the current Government’s Make in India initiative, this sector is set to grow further. The fact that India is a developing country gives us an added advantage that we are at the ‘start’ line. This gives us the opportunity to apply knowledge that has been proved successful in similar societies and also learn from their mistakes. However, there are some challenges that need to be overcome to help India leapfrog to a leadership position. Our government needs to focus on improving the ‘Ease of doing business’ and ‘Skill Development’ to help India be more competitive and supportive in our ambitions to be a ‘manufacturing powerhouse’ for the globe. However, at Danfoss we look at India as a promising land of opportunities rather than focus on its’ challenges.
Where does India stand when it comes to Danfoss Group strategy? India is an important growth region for Danfoss and we have a successful ‘Core & Clear’ strategy in place for future growth. Danfoss India is currently a 1000 crore company with strong double-digit growth. We are amongst the top five markets in
terms of profitability and within top ten in terms of overall sales across Danfoss Global. We aspire to be in the top 5 within the next 5 years and aim to reach 2000 crores by the year 2020.
What are the major initiatives & advances shaping up in cold chain industry in India? Agriculture plays a significant role in serving as a key contributor to the growth of GDP and the socio-economic sector in India. In total farm output, India is the second largest in the world. India also ranks first in the production of milk, jute and pulses, and half of the agricultural workforce is employed in forestry and fishery. All of this proves the immense potential of India's agricultural sector contributing to the economy as well as exports through the trade of food and farm produce. However,
We have created a strong ecosystem of supply base, which will contribute to increasing sourcing within India five times compared to the previous year, over the next three years. While the general trend is to import products from China, we can proudly say that Danfoss India is exporting to China.