Fortress Financial bets on BHEL & Larsen & Toubro
ET Now talks to Upendra Kulkarni, Executive Director, Fortress Financial Services capital goods sector.
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| ET Now talks to Upendra Kulkarni, Executive Director, Fortress Financial Services capital goods sector.
With the government actually supporting most of the domestic capital good manufacturing companies, engineering companies, you think there is a lot of scope for the demand in terms of meeting the demand domestically and therefore, a lot of revenue coming to these domestic players?
As far as capital goods sector is concerned, it has got a great future in India simply because we are the country which are building up assets unlike China for example which is already substantially through as far as capital goods segment.
So there is a huge appetite for Indian industry for capital goods. So industry would do extremely well. My favourite picks is BHEL. All the other companies require some amount of government support simply because there is a possibility of dumping from Chinese players.
For example, if the demand gets into slower region in the other countries, they would start dumping in at the lower prices in India as far as to gain more market share and later on look at the price raising. So these are the issues to be definitely looked at and government support is definitely needed by Indian companies. But simultaneously it is a question of time before we have to look at competition from China and better quality products from Europe. So companies wise BHEL and Larsen & Toubro in that order are my favourites in this sector.
With the government actually supporting most of the domestic capital good manufacturing companies, engineering companies, you think there is a lot of scope for the demand in terms of meeting the demand domestically and therefore, a lot of revenue coming to these domestic players?
As far as capital goods sector is concerned, it has got a great future in India simply because we are the country which are building up assets unlike China for example which is already substantially through as far as capital goods segment.
So there is a huge appetite for Indian industry for capital goods. So industry would do extremely well. My favourite picks is BHEL. All the other companies require some amount of government support simply because there is a possibility of dumping from Chinese players.
For example, if the demand gets into slower region in the other countries, they would start dumping in at the lower prices in India as far as to gain more market share and later on look at the price raising. So these are the issues to be definitely looked at and government support is definitely needed by Indian companies. But simultaneously it is a question of time before we have to look at competition from China and better quality products from Europe. So companies wise BHEL and Larsen & Toubro in that order are my favourites in this sector.
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