The confederation of the Indian Industry (CII) organised a conference on practices for improving operational efficiency of the industry’s capital equipment.

The experts discussed the ways the industries should deploy their capital backed by the maintenance especially in Gujarat where capital investment is very high in plant and machinery.

“Capital deployment should be backed by adequate maintenance regime. The cumulative production and subsequent loss to state GDP is very high in case of unplanned machinery failure,” said TK Ghosh, Head - Mechanical, Electrical and Instrumentation Engineering Division, L&T Chiyoda Ltd.

The experts discussed adopting world-class integrated and people-driven maintenance practices so as to enhance the asset efficiency of capital expenditure.

“Maintenance with an objective of moving towards zero maintenance regime is not just a prudent solution towards ensuring increasing ROI on capital, which is under tremendous pressure due to cost cutting; it also has a huge ramification on the people operating it,” said Vikram Singhal, MD, Gulbrandsen Technologies Pvt Ltd.

The conference was part of CII's annual awareness drive to enhance the investment value of companies on plant and capital goods for growing leaner.

“CII believes that in current economic scenario, where there is either freeze on capital or delay in acquiring the same, it has become important to make the industries aware about the zero-maintenance regime,” said Atul Garg, Chairman, CII, central Gujarat Zonal Council.