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Bindu D. Menon

New Delhi, Nov. 4 The UK-based quality certification service provider Intertek said it will be investing Rs 60 crore in expanding its presence in the country besides ramping up its headcount from 1,000 to 2,500 by 2010.

The company, which for the first time held its global board meeting in India, said the region could emerge as its biggest market and also be a potential testing base for global clients.

“Given the increasing relevance of quality and safety certification globally, the industry is on an upswing. India is the sixth largest market for us in the world. We will be investing Rs 60 crore in developing this market,” Mr Wolfhart Hauser, CEO, Global Intertek, told Business Line.

The London Stock Exchange listed company provides quality certification to sectors like food processing, durables, oil and gas, retail and pharmaceuticals. In India, Intertek has tied up with bureau of Energy Efficiency to provide rating for consumer durables products.

Asked if the company is considering listing in Indian stock markets, Mr Hauser said, “Currently, we are not looking at a listing in the Indian stock exchange. However, if in the future we see an interest from our stakeholders, we may look at it”.

The £775.4-million company said it will be investing around six per cent of its revenue in new markets including Asia.

The company, which has 44 testing laboratories in India, said it is also in the process of setting up a food processing lab in Haryana.

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