Nuclear Equipment Market: a Lucrative Space for SMEs

The historic Indo-US civil nuclear deal (N-deal)“Participation by the mid-sized equipment
sealed last year marked the end of India's nuclearmanufacturers of the country in the nuclear
isolation. It also held the promise of vastsector has been quite limited. To emerge as
opportunities for several small and mid-sizedmajor beneficiaries of the N-deal, small players
businesses engaged in the Indian nuclearhave to harness the potential and upgrade their
equipment manufacturing sector. As India openedmanufacturing facilities for undertaking the
its doors to nuclear trade, innumerable avenuesproduction of equipment extensively used in
and wide power-generation opportunities sprangnuclear power generation plants and nuclear
up for the SME segment in the country.reactors,” said D Dasgupta, financial analyst at
However, very few small businesses in theCMC in Kolkata.
manufacturing sector have the capacity and theThough, several large power-generation equipment
requisite knowledge to venture into the nuclearcompanies in India have begun strategising to grab
equipment space. Most small companies area large share of the nuclear equipment market,
unaware of the potential of this sector. Thesmall manufacturing firms are still lagging behind.
benefits of this sector are yet to be leveragedSMEs have to maintain high quality standards and
by Indian SMEs in the manufacturing sector.an operational safety culture for grabbing nuclear
Untapped zoneequipment manufacturing projects.
Presently, a small percentage of heavy machinery“Small companies have to adopt high
and equipment manufacturers in India arestandards of work efficiency and acquire
engaged in manufacturing nuclear equipment likespecialised knowledge and technical know-how to
condensers, pressure vessels, reaction vessels,produce high-quality nuclear equipment and meet
heat exchangers, tanks, coolers and air receivers.global manufacturing norms,” said V
However, the immense growth potential ofKrishnavelu, MD of United Cooling Systems, a
India’s nuclear equipment manufacturingmid-sized cooling tower manufacturer in
sector still remains untapped by majority of theCoimbatore, Tamil Nadu.
small and mid-sized businesses.