s and sizes that are not listed Type H Type H Ty B3-VH11-B Bevel-helical gear reducer B3

Flender/Flender Gear Units/Bevel-helical gear reducer B3

on to Mr. Mathur was on digital industries, there just trying to check up on your localization efforts, because the last time we spoke to you, you were still of the opinion that large part of that vertical still relies on imports, and the volumes are not supportive of localization there, but that is where most of the growth is also coming in from. So if you can touch upon whether in the last 6 -8 months there has been change in strategy and if you can highlight going forward if the margin levels which are about 8 -9% will gain from localization going forward, that' my question, thank you. Sunil Mathur So the digital industries business is mixture of essentially 3 parts. One par is the automation part where there are imports that take place of PLCs and certain products from Germany. The second is digitalization which is software, and that is generated entirely locally. And the third is customer services which is servicing all the plants that we are working on, which is also entirely local. So while there are imports that are taking place over there and these are low value imports, you must understand the average value of an order in digital industries or product order could be 4 maybe 2 to 5,0 rupees, right. So it is not substantial product based business. These are whole lot of small products that are manufactured in serial production centrally for the whole world actually. So to that extent do not see need for localizat ion here, the capex and the business case would not make sense. Where we do look at possible increases in top line/bottom line are through the digitalization which is software. Jonas Butta Then localization will be in which segment, sir, as you ment ioned that as one of your cost cuts or structural cost cut initiative. Sunil Mathur So localization will happen in our smart infrastructure, it could happen on continuous basis in our energy, it could happen on contin uous basis in our mobility business as well.