Manav Mittal
MD - Syrotech Networks

Reimagining The Future Of Telecom and Networking Industry
Syrotech Networks is leveraging the ‘Make in India’ initiative to drive innovation and enhance local manufacturing capabilities in the Telecom and Networking Industry. By focusing on R&D, skill development, and strategic partnerships, it aims to not only meet the current demands but also anticipate future trends. Its vision involves creating a robust ecosystem that fosters indigenous production, technological advancement, and sustainable growth, thus contributing significantly to the expansion of the Telecom and Networking Industry in India.

Brand Positioning
For FY 2024-25, Syrotech Networks is focusing on several key priorities to position its brand effectively in the rapidly evolving Indian corporate and SME sectors. It is heavily investing in innovation and R&D to advance its optical transceiver technology, ensuring that it stays ahead of market demands. Upholding high standards of quality and reliability remains a cornerstone of the company’s strategy, helping it to build trust and loyalty among the customers. Syrotech Networks is also dedicated to expand its market presence both domestically and internationally, leveraging strategic partnerships with key players in the Telecom and Networking Industry to enhance its product offerings. To foster long-term relationships, it is enhancing its customer support services, ensuring robust and responsive assistance. Additionally, it is committed to sustainable manufacturing practices, aligning with the “Make in India” initiative to promote environmentally responsible growth. These priorities are designed to solidify the company’s market position and drive sustainable growth in the dynamic Telecom and Networking Industry.

Acceptance Of Digital Transformation
Syrotech Networks has seen a notable uptick in customer acceptance of digital transformation. Factors like heightened awareness, technological advancements, competitive pressures, and government initiatives like Make in India have fueled this trend. Despite this, challenges remain, including data security concerns and integration complexities. Nevertheless, Syrotech Networks is committed to addressing these challenges by providing reliable and secure products and supporting its customers in their digital transformation journey.

Strategies
Syrotech Networks’ strategies to address newer challenges in 2024 and beyond under the “Make in India” initiative include:

Innovation-driven R&D: The company is investing heavily in research and development to stay ahead of technological advancements and meet evolving market demands.

Enhanced manufacturing capabilities: Continuously upgrading its manufacturing facilities to improve efficiency, quality, and scalability.

Sustainable practices: Implementing eco-friendly initiatives to reduce environmental footprint and align with global sustainability goals.

Strategic partnerships: Collaborating with industry leaders and government bodies to foster innovation, expand market reach, and support the growth of the optical transceiver ecosystem in India.

Talent development: Prioritizing employee training and development to nurture a skilled workforce capable of driving innovation and maintaining its competitive edge in the market.

Value Addition
Syrotech Networks understands that newer technologies come with their own set of challenges. Through its commitment to innovation and quality, the company provides cutting-edge optical transceivers manufactured in India under the Make in India initiative. Its products are designed to meet the evolving needs of enterprises, offering reliable solutions to address the challenges posed by emerging technologies.