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Honeywell Automation expects strong order flows and capex expenditure to rise

Updated : March 05, 2021 12:55 PM IST

Honeywell Automation, a provider of integrated automation and software solution, is optimistic about the upcoming year, said Ashish Gaikwad, managing director (MD) of the company, on Friday.

Speaking in an interview with CNBC-TV18, he said that the company expects strong order flow going ahead.

“FY22 is looking quite optimistic to us and clients are more committed towards digital transformation now. Therefore, we are looking at a lot of optimism in our pipeline. We typically target about 1.5-2 times the GDP growth as far as our order bookings are concerned,” he said.

We see a lot of growth from the pharma and life science sector. The gas infrastructure is seeing increased traction and we are focussed on that area as well, said Gaikwad.

“The markets are looking better, people have better sentiments in terms of investments in the sectors that we are operating. We do not see a dry pipeline. We see that people are very inquisitive about the new technology; it’s not just about providing the same old solution pre-pandemic era, there is a renewed interest in terms of how we can bring more productivity, automation, digitization so that there is a new way of investing in rupees/dollars into the manufacturing for a much higher world-scale productivity,” he said.

For full management commentary, watch the video
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