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Subsidiary proposal: Mr Hidetoshi Kimura , Managing Director, Murata Machinery Ltd (Textile Machinery Division), flanked by Mr Yama Guchi, Manager-Sales; and Mr Hiroshi Takaku, General Manager (Global Textile Machinery Sales) at a press meet in Coimbatore.

Our Bureau

Coimbatore, Oct 28 Murata Machinery of the Muratec group from Japan is setting up its fully owned Indian subsidiary, Murata Machinery India Pvt Ltd, which will start its operations from next month.

Murata Machinery India, to begin with, will take up marketing, post-sale technical services including installations and spares of its textile machinery range for the sub-continent , hitherto been handled by its authorised service partners MMI Services of Mumbai.

It may later on enlarge its operations to cover Murata Machinery’s other divisions such as machine tools, logistics and automation equipment in India.

The subsidiary will have its organisational bases in Delhi (registered office), Mumbai and Coimbatore, which will enable it cover India’s textile clusters.

Announcing the formation of the Indian subsidiary, Mr Hidetoshi Kimura, Managing Director and General Manager of Murata Machinery, told presspersons here that the surge in India’s economy and consistent growth reported in sale of Murata’s textile machinery in India, which accounted for 30 per cent of the company’s global textile machinery sale, were the factors that prompted Murata to invest in its subsidiary.

Mr Kimura said Murata has no immediate plans to set up any manufacturing facility in India for textile machinery. Murata’s textile machinery business in India rose from $30 million three years ago to $80 million in 2006-07.

It is expected to touch $100 million during the current fiscal.

More Stories on : New Projects | Textile Machinery | Tamil Nadu

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