Mahendra Mahadik, Vice President (PPE Division), Kingfa Science and Technology (India) Ltd. in interaction with Industry Outlook magazine shares his view on how the PPE market is evolving in India and how is the PPE industry bringing in innovations in the domain, to promote safe usage.
The global personal protective equipment (PPE) market is projected to reach $110.85 billion by 2029. How do you see the market developing in India? What are the major driving factors propelling the growth?
Since India is a developing market, most of the international PPE manufacturers
are targeting the Indian market. The major factors driving the growth of the market include the Population, Low operation cost, Supportive government policies – Make in India, implementation of IT in all segments, and Ease of doing business with a standardized Tax structure.
Counterfeiting of PPE products in India has risen "rapidly" in the last few years, with a 20 percent growth from January 2018 to December 2020, states a report by the Authentication Solution Providers' Association (ASPA). How is the PPE industry battling the Counterfeiting issue? How do you propose to solve this problem?
In the case of PPE products manufactured in India counterfeiting is not much. The requirement for PPE is not so high. Hence, counterfeiting is possible only in case the demand is very high and the supply is very low. There is awareness among the users for use of PPE. Counterfeiting happened during the pandemic for respiratory products since the demand was very high and there was no supply of the products.