Que: Please tell us about NovaAir?

Ans: NovaAir Pvt. Ltd. is a wholly-owned subsidiary of Yingde Gases Group Company Ltd., China. With a turnover above $2 billion, Yingde Gases is the largest industrial gases company in China and the fifth-largest in the world. It is an integrated industrial gas company with interests in atmospheric gases (oxygen, nitrogen, argon) as well as Hydrogen and gasification technologies.

NovaAir has a credible approach and will provide value by supporting its customers in developing solutions using cutting edge application technology and safe & efficient supply systems.

Que: What kind of facility does the company aim to set up in India? What business prepositions does the country offer for NovaAir?

Ans: NovaAir’s first investment of approximately $60 million will go toward completing four air separation plants near Hyderabad, Chennai, Mumbai, and Delhi, which will cater to over 100 leading customers in the automotive, auto-ancillary, solar, pharmaceutical, defence, and primary metals industries. These plants will be built with best-in-class safety and reliability standards with state-of-the-art distribution centers that will be in line with NovaAir’s vision to provide a dependable alternative for industrial gas customers while creating value for them.

NovaAir plans to be fully operational with its first plant near Chennai by March 2021. The second plant near Hyderabad is expected to be operational by June 2021. The first phase of investment by Yingde Gases will create approximately 600 direct and indirect new jobs.

Industrial gases Industry in India grows in three ways largely - organically, through new projects demanding industrial gas and the BOO building model.

The Indian market is driven as a Sale of Equipment market and we believe that the market will change structurally to become more of the sale of gas (BOO) market.

Que: Industrial Gases Market in India Set to Cross $2.2 Billion by 2021. What kind of opportunities does NovaAir recognize in this evolving market?

Ans: The Indian Industrial Gases Market is currently about $2.4 Billion and we expect it to grow to about $4 Billion in 2023. In an evolving market like India which is constantly growing it is consistently providing opportunities and competitive pressure.

The Indian market is constantly evolving and the opportunities depend on customer sectors and markets and their geographical locations, for example, markets near Chennai are much diversified, and markets near Hyderabad are more driven by Pharma & Bio-pharma. We are therefore looking forward to the structural changes towards becoming a BOO market.

What are your thoughts on the Indian Industrial Gases market in contrast with global markets?

NovaAir covers the entire spectrum of plant building, from design to project management and would run its operations, quality assurance, distribution & application support functions. It’s our endeavor at NovaAir to support its customers in developing solutions using cutting edge application technology and safe & efficient supply systems.

The industrial gas sector which is consolidating rapidly, leaving the limited choice to customers, NovaAir brings Novo (New) & credible options with higher customer focus and commitment towards safety and sustainability.

The Indian market is more of a Sale of the Equipment market and with time it will become a more sale of gas (BOO) market in line with other developed markets. The advance markets tend to be in balance in their consumption patterns of oxygen and Nitrogen, whereas India remains predominately a more oxygen oriented market. Over time as the markets evolve, we expect India to develop more applications for Nitrogen gas, resulting in a substantial increase in Nitrogen consumption.

Que: What are your thoughts on the Indian Industrial Gases market in contrast with global markets?

Ans: NovaAir covers the entire spectrum of plant building, from design to project management and would run its operations, quality assurance, distribution & application support functions. It’s our endeavor at NovaAir to support its customers in developing solutions using cutting edge application technology and safe & efficient supply systems.

The industrial gas sector which is consolidating rapidly, leaving the limited choice to customers, NovaAir brings Novo (New) & credible options with higher customer focus and commitment towards safety and sustainability.

The Indian market is more of a Sale of the Equipment market and with time it will become a more sale of gas (BOO) market in line with other developed markets. The advance markets tend to be in balance in their consumption patterns of oxygen and Nitrogen, whereas India remains predominately a more oxygen oriented market. Over time as the markets evolve, we expect India to develop more applications for Nitrogen gas, resulting in a substantial increase in Nitrogen consumption.

Que: With the advent of technology in present times, what role has it played in enhancing the Industrial Gas sector? What kind of technology advancements does NovAir aim to bring to the Indian market?

Ans: Innovation is a constant phenomenon in the industrial gas market. We at NovaAir are bringing in quality assurance, distribution and application support functions and, developing solutions using cutting edge application technology and safe & efficient supply systems. We are building state-of-the-art models to improve reliability and safety with our technologically advanced equipment.

Our focus is on providing value to the customers so that they benefit in every way. We have demonstrated and performed well in a market like China and want to bring that experience here and cater to the industry here full of our expertise and technical know-how.

Que: What are the company’s plans in the next 3-5 years?

Ans: NovaAir is poised to grow into one of the leading industrial gas companies in India. We want to create a benchmark in quality and reliability. We will look for appropriate value-driven investment options and we will continue to invest with the right opportunities and will be preferred suppliers to the customers while building the best place to work for its employees.