Swiss major Endress+Hauser AG that offers a range of instruments, services and automation solutions for industrial process engineering globally will invest more in India to expand the product portfolio and on establishing a facility to undertake research and development work.
Driving the decision of the company, which has a production facility in Aurangabad, is the business potential in the country, including for the analytical instrumentation equipment that is to be added to the product range, and the availability of “lot of well educated, technical people.”
Stating this, Klaus Endress, Chief Executive Officer, pointed out that getting such people in Europe was becoming “more and more difficult”, so the logical step is to do R&D in India, which we did not so far.”
“We believe strongly in India… things may move a bit slow, red tape is a concern, but [India] very safe with regard to investment,” he said here recently.
India, he explained, was an important market and the last few years had been the best years for the company.
“I don’t think this is going to change in the next few years,” he said.
Endress+Hauser (India) Pvt. Ltd. Managing Director Sajiv Nath said the company, which had invested Rs.200 crore on the Aurangabad facility, was keen on investing in analytical instrumentation because it was a key component of water, oil and gas, and power sectors.
In Tamil Nadu, where the company recently bagged a project from the Tiruchi Corporation, Mr. Sajiv Nath said “We would be expanding our sales and service operations andthe project execution capabilities in the State.”