PM Modi’s US visit expected to focus on manufacturing, climate change: Honeywell CEO Vimal Kapur

He emphasised the potential for collaboration in the fields of computing and cybersecurity, identifying them as areas where the US and India can work together to foster growth. He also highlighted the significance of developing policies on climate change, underscoring its importance as a major area of focus for both countries.

Kapur stressed that defence should be among the two top priority areas in US-India collaboration and noted that Honeywell's portfolio is perfect fit for where India wants to go.

"High tech manufacturing in defence remains an area of mutual cooperation. We at Honeywell have interests in that," he said.

As the new CEO of the company, Kapur outlined three significant themes that will be central to Honeywell's focus: energy transition, air travel, and automation. And they stick to their commitment of 4-7 percent organic growth and a similar margin expansion, leading to double digit growth every year that would further compound the value addition.

He mentioned the company's intention to streamline its business portfolio by pruning approximately 10% of its assets that do not align with these future themes. However, any pruning or divestment decisions will be made based on achieving the right financial returns, with no rush to divest.

While simplification is a priority for Honeywell, the timing of such actions will be determined by value creation for investors. Kapur also acknowledged the geopolitical risks involved, expressing hope that the world will not present any more surprises.

With regard to climate change and sustainability, Honeywell's CEO emphasised the company's commitment to decarbonising sectors. Addressing climate change is a priority for Honeywell, and they are exploring avenues such as carbon capture, hydrogen, and sustainable jet fuel to enhance their sustainability efforts.