About Rappid Valves (India) Limited

Rappid Valves (India) Limited recognized by its brand name “Rapid” also known as “Rappid Valves”, being an Engineering Company, is primarily engaged in the manufacturing of Valve solutions. Their extensive product portfolio encompasses a vast range of valves which includes Ball valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Double Block valves, Strainer Valves and Marine Valves which are manufactured using ferrous and non-ferrous materials, sizes ranging from 15mm to 600mm catering to diverse requirement. The Company was established in the year 2002. 

The Company at the time of commencement of business operations started its operations in Chemical & Fertilizers and Pharmaceutical industry and their company then expanded its business operations in marine industry in the year 2016. The company had started exports of valves at Dubai to one of its developed brands in 2012. Their The manufacturing unit is equipped with comprehensive range of standard machineries, including conventional machines, automated CNC machines, automated VMC, automated test benches and EOT cranes, Center Lathe, Milling, Radial Drilling, Bench Grinder, Haksaw, Hardness tester, Lapping, Arc weld, Air Compressor, Buffing, CNC Super jobber, VMC, Crane, Pallet Truck Lifter, PMI Machine, Testing Machine, etc to support a seamless manufacturing process.

INDIAN MANUFACTURING INDUSTRY
Manufacturing is emerging as an integral pillar in the country’s economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India’s GDP pre-pandemic and is projected to be one of the fastest growing sectors. 

The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. 

Technology has today encouraged creativity, with digital transformation being a critical element in gaining an advantage in this increasingly competitive industry. The Indian manufacturing sector is steadily moving toward more automated and process-driven manufacturing, which is projected to improve efficiency and enhance productivity. 

India has the capacity to export goods worth US$ 1 trillion by 2030 and is on the road to becoming a major global manufacturing hub. 
With 17% of the nation’s GDP and over 27.3 million workers, the manufacturing sector plays a significant role in the Indian economy. Through the implementation of different programmes and policies, the Indian government hopes to have 25% of the economy’s output come from manufacturing by 2025. 

India now has the physical and digital infrastructure to raise the share of the manufacturing sector in the economy and make a realistic bid to be an important player in global supply chains. 

A globally competitive manufacturing sector is India's greatest potential to drive economic growth and job creation this decade. Due to factors like power growth, long-term employment prospects, and skill routes for millions of people, India has a significant potential to engage in international markets. Several factors contribute to their potential. First off, these value chains are well positioned to benefit from India's advantages in terms of raw materials, industrial expertise, and entrepreneurship. 

Second, they can take advantage of four market opportunities: expanding exports, localising imports, internal demand, and contract manufacturing. With digital transformation being a crucial component in achieving an advantage in this fiercely competitive industry, technology has today sparked creativity. Manufacturing sector in India is gradually shifting to a more automated and process driven manufacturing which is expected to increase the efficiency and boost production of the manufacturing industry.

India is gradually progressing on the road to Industry 4.0 through the Government of India’s initiatives like the National Manufacturing Policy which aims to increase the share of manufacturing in GDP to 25 percent by 2025 and the PLI scheme for manufacturing which was launched in 2022 to develop the core manufacturing sector at par with global manufacturing standards. 

India is planning to offer incentives of up to Rs. 18,000 crore (US$ 2.2 billion) to spur local manufacturing in six new sectors including chemicals, shipping containers, and inputs for vaccines. 

Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. Government aimed to create 100 million new jobs in the sector by 2022.

Manufacturing exports have registered highest ever annual exports of US$ 447.46 billion with 6.03% growth during FY23 surpassing the previous year (FY22) record exports of US$ 422 billion. By 2030, Indian middle class is expected to have the second-largest share in global consumption at 17%.

India’s gross value added (GVA) at current prices was estimated at US$ 626.5 billion as per the quarterly estimates of the first quarter of FY22. 

India has potential to become a global manufacturing hub and by 2030, it can add more than US$ 500 billion annually to the global economy. As per the economic survey reports, estimated employment in manufacturing sector in India was 5.7 crore in 2017-18, 6.12 crore in 2018-19 which was further increased to 6.24 crore in 2019-20. India's display panel market is estimated to grow from ~US$ 7 billion in 2021 to US$ 15 billion in 2025. As per the survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI), capacity utilisation in India’s manufacturing sector stood at 72.0% in the second quarter of FY22, indicating significant recovery in the sector. 

The manufacturing GVA at current prices was estimated at US$ 110.48 billion in the first quarter of FY24.

India is an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country. The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 3.4 trillion along with a population of 1.48 billion people, which will be a big draw for investors. The Indian Cellular and Electronics Association (ICEA) predicts that India has the potential to scale up its cumulative laptop and tablet manufacturing capacity to US$ 100 billion by 2025 through policy interventions.

One of the initiatives by the Government of India's Ministry for Heavy Industries & Public Enterprises is SAMARTH Udyog Bharat 4.0, or SAMARTH Advanced Manufacturing and Rapid Transformation Hubs. This is expected to increase competitiveness of the manufacturing sector in the capital goods market. With impetus on developing industrial corridors and smart cities, the Government aims to ensure holistic development of the nation. The corridors would further assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote advance practices in manufacturing.

INDIAN VALVES INDUSTRY
The India Industrial Valves Market size is estimated at USD 2.41 billion in 2024, and is expected to reach USD 3.38 billion by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029). 

The COVID-19 pandemic negatively affected the market for industrial valves due to several restrictions imposed by India's government. The pandemic affected the oil and gas, power, and chemicals sectors, impacting the industrial valve market. However, post-COVID-19, the market recovered significantly owing to the rising consumption of industrial valves in water treatment, oil and gas, chemical, and power applications.

• Over the short term, the increasing demand for valves from water treatment plants, the oil and gas industry, and the power industry are significant factors driving the growth of the market studied. 
• However, the high costs and need for regular maintenance of valves are likely to restrain the growth of the market. 
• Nevertheless, the increase in demand for automatic valves is likely to create lucrative growth opportunities for the industrial valves market.

INDIAN MARINE VALVES INDUSTRY
The global marine actuators & valves market is experiencing a significant growth due to increase in marine trade activities. Marine actuators & valves enable the valve control mechanism that operates the flow through a valve. Marine valves are used in ships to control the liquid flow through ship’s piping and machinery system. Marine actuators are valve control system designed to convert different forms of energy into mechanical motion to open or close valve and capable of being operational in a marine vessel. Marine actuators & valves are used in various marine systems such as safety system, auxiliary system, and navigation system.

RAPPID VALVES (INDIA) LIMITED COMPETITIVE STRENGTHS
1. Experienced Management team
2. Continuous focus on developing novel and innovative products
3. Long Standing Relationship with key Customers & Suppliers
4. Good Standing in marine Industry

RAPPID VALVES (INDIA) LIMITED STRATEGIES
1. Continue to invest in their manufacturing capabilities
2. Introduce Innovative techniques
3. Expand their geographical presence

RAPPID VALVES (INDIA) LIMITED RISK FACTORS & CONCERNS
1. They derive a significant portion of their revenue from Ball Valves, Gate Valves, Globe Valves, Butterfly Valves and Check valves.
2. The Company sells its products for specific use by certain Industries.
3. They source their 100 % raw materials from domestic market i.e. Gujarat and Maharashtra.
4. They generate their major portion of sales from their operations in certain geographical regions especially, Maharashtra, New Delhi and Gujarat.
5. They may not be fully insured for all losses they may incur.