ABB bullish on India
Our Corporate Bureau
16 March 2006
"ABB in India is one of the group's fastest growing operations today, with a very strong and reliable track record and many potential opportunities", Kindle said, commenting on the growth of ABB in India.
During a recent visit to review ABB's Indian operations, he said that ABB is firmly committed to expanding its operations in India,.
Over the past two years, ABB has set up new manufacturing units in Bangalore, Vadodara, Nashik and Halol to expand the range of products made in India. ABB's Indian operations are a global souring base for several products and components including high and medium voltage circuit breakers and magnetic actuators.
During his visit, Kindle announced the establishment of a new low voltage distribution electrical unit in Haridwar and a vacuum interrupter plant in Nashik. This is in addition to capacity expansion that is currently underway across businesses and locations. "India is on the development runway, poised for takeoff," Kindle said. "By overcoming its infrastructure challenges and unleashing its huge potential, India will take its rightful place in the emerging global economic order."
"India is not only a key ABB market, but an important resource base as well. It is also the hub country for the South Asia region and will play an important role in ABB's global operations", he added.
Kindle also inaugurated ABB's global operation and engineering centre in Bangalore during his India visit. The centre's main focus is to develop and execute system and engineering solutions for ABB's global automation business, and it will serve as a resource base for ABB units around the world.
In addition, Kindle visited the expanded Group R&D Centre at Bangalore, which will soon increase the number of scientists, engineers and domain experts from 350 to 500 in the near future. "We are extremely pleased with the progress of the Centre, and will continue to tap the high level of technical competence available in India," Kindle said. "Bangalore is a vital part of our global R&D network and we are constantly enhancing its scope and complexity so that ABB will remain at the forefront of technology and innovation", he added.
According to Ravi Uppal, vice chairman and managing director, ABB India, "Given the significant market potential in India for power and automation technologies and our strong resource base, we are well poised to enhance our contribution to regional and global operations" He added that Kindle's visit clearly reinforces the commitment of ABB to India.