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As part of its long-term roadmap towards 2031, SIEMA said a key focus would be import substitution. India currently imports pumps worth about US$450 million annually.
SIEMA said it would work with member units, with support from the Scientific and Industrial Testing and Research Centre (SiTarc) and the Coimbatore Industrial Infrastructure Association (COINDIA), to develop indigenous, high-quality alternatives to imported products. M A Sendilkumar of Superteck Industries assumed office as president. Arun Ranganathan of Suguna Industries, K Mohan Senthilkumar of Aqua Flow and R Karthikeyan of OMI Pumps took charge as vice-presidents.
Citing the need to scale quality and output, SIEMA said the sector must accelerate adoption of Industry 4.0 technologies such as robotics, automation and advanced manufacturing, and sought government support for technology upgradation. SIEMA listed policy requests to the govt. The requests included recognising the pump industry as a thrust sector to enable access to subsidies, interest subvention and other investment support measures.