ABB mulls entry into ports, SEZs
RIDING on the growth of its core business and with order backlog of Rs 3137.5crore as of June, ABB India is now looking at increasing its market penetration by adding new revenue streams and more channel partners. The power and automation technology major is also planning to increase its total headcount, which currently stands at around 5,000.
Speaking to ET ABB India vice chairman & MD Ravi Uppal said: “We are planning to hire close to 800 people within this year against 600 last year.” He adds: “There are plans to increase the number of scientists, engineers and domain experts from 356 to 5oo at the R & D centre in Bangalore.” The company also intends to increase the number of engineers at the recently established global operations-cum-engineering centre at Peenyain Bangalore, which is fully functional with around 250 engineers.
As a long-term strategy to strengthen its marketing base and improve the reach of its products in the Tier n cities ABB India is planning to hire around 300 channel partners or distributors in the near future. Currently, the company has a network of 650 channel partners. These channel partners are mainly responsible for the sale of standard products like low voltage switchgears, drives and motors.
ABB India is also looking at the prospect of adding new business streams like developing automation system for ports and process automation and electrification of upcoming SEZs across India. “With metals leading the charge, ABB India is aggressively targeting sectors like pulp & paper, cement, construction and pharm,” says Uppal.
Source : ET
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