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New Delhi April 5 Areva T&D India plans to ramp up its India operations and is planning to invest about 60 millioneuros over the next three years to modernise its production sites and build new plants. The French major is also in preliminary talks with Indian firms to set up nuclear power projects in the country.

Mr Philippe Guillemot, Chief Executive Officer of Areva T&D, said, "Our competitive prices and technology is one major factor in favour of our nuclear reactors."

Given India's need for electrification to sustain its economic growth, Areva T&D expects a 25 per cent growth annually over the next five years. As per its `three-year plan', the company is looking to double its growth by 2009, at which point India would contribute 13 per cent to 14 per cent of the global sales for the company.

The expansion of manufacturing facilities is being undertaken to cater to both the Indian market as well as for exports, especially to West Asia. Currently, the India operation is largely focussed on the domestic market, though 10 per cent of revenue is from exports.

More Stories on : Outlook | Electrical Goods

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